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Все вопросы
- Purchases and sales of financial and real assets result in a supply of or demand for a country’s currency in the same way as purchases and sales of goods and services. #81
- Changes in official reserves occur when governments intervene in the foreign exchange markets to influence exchange rates. When exchange rates are truly flexible, changes in official reserves are zero. #82
- Since all entries in the balance of payments should collectively sum to zero, the balance of- payments accountant can determine the errors that were made. This is called the statistical discrepancy. #83
- With constant exchange rates, the correctly measured deficit/surplus in the current account equals the correctly measured surplus/deficit in the capital account. #84
- A country records its international finance accounts in its #85
- It is equally valid to consider a current-account deficit/surplus to be the cause of, or to be caused by, a capital-account surplus/deficit. #86
- Flexible exchange rates are determined by the forces of … supply and demand. #87
- We can construct the supply curve of a currency from a country’s demand curve for …, and the demand curve for a currency from the country’s supply curve of exports. #88
- The effect of any item in the … account on the exchange rate can be determined by identifying how it shifts the currency supply or currency demand curve. #89
- …, an improvement in a country’s terms of trade causes the country’s currency to appreciate. #90