- Shuffle
Toggle OnToggle Off
- Alphabetize
Toggle OnToggle Off
- Front First
Toggle OnToggle Off
- Both Sides
Toggle OnToggle Off
Front
How to study your flashcards.
Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key
Up/Down arrow keys: Flip the card between the front and back.down keyup key
H key: Show hint (3rd side).h key
PLAY BUTTON
PLAY BUTTON
17 Cards in this Set
- Front
- Back
|
1.What is meant by the term “balance of payments”?
|
p
|
|
2.What is the difference between the current account and the capital and financial account?
|
p
|
|
3.What is the difference between a trade deficit and a trade surplus?
|
p
|
|
4.What are official reserves?
|
p
|
|
5.What is the difference between a flexible exchange rate system and a fixed exchange rate system?
|
p
|
|
6.What does it mean when currencies appreciate or depreciate in value?
|
p
|
|
7.What factors are responsible for determining exchange rates?
|
p
|
|
8.What is the purchasing-power-parity theory?
|
p
|
|
9.Identify some of the advantages and disadvantages of flexible exchange rates.
|
p
|
|
10.How did the fixed exchange rate system work?
|
p
|
|
11.What are currency interventions?
|
p
|
|
12.Describe “exchange controls”.
|
p
|
|
13.What is the Bretton Woods system?
|
p
|
|
14.Describe the characteristics of the managed float exchange rate system.
|
p
|
|
15.What is the current size of the U.S. trade deficit? List some of the factors that contributed to this deficit.
|
p
|
|
16.Identify some of the economic consequences of the U.S. trade deficit.
|
p
|
|
17.(THE LAST WORD) Speculation in Currency Markets
Describe currency speculation. Who engages in it? |
p
|
