#866141

#866141: …, an improvement in a country’s terms of trade causes the country’s currency to appreciate.

…, an improvement in a country’s terms of trade causes the country’s currency to appreciate.
Варианты ответа:
  • Ceteris paribus
  • Balance of Payments
  • Trade Deficit

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Тематика: Валютные операции во внешней торговле Ведение операций с иностранной валютой и чеками Внешнеторговые сделки
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… that is higher than in other countries causes a country’s currency to depreciate. If inflation in different countries is equal, ceteris paribus, exchange rates do not change. If import demand is … the currency supply curve slopes downward. When the supply curve slopes upwards the foreign exchange market may be unstable. Because import demand elasticities are larger in the short run than in the long run, instability is more likely in the short run than the long run. The same conditions that cause short-run instability and long-run stability result in a J curve. The J curve shows that a depreciation can temporarily worsen the balance of trade, while an appreciation can temporarily improve the balance of trade.