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NYU International Economics Final Exam Ch 10-14 Questions & Answers 2024/2025 £6.94   Add to cart

Exam (elaborations)

NYU International Economics Final Exam Ch 10-14 Questions & Answers 2024/2025

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  • NYU International Economics

NYU International Economics Final Exam Ch 10-14 Questions & Answers 2024/2025 Balance of Payments - ANSWERSRecord of the economic transactions between the residents of one country and the rest of the world. Double Entry Accounting - ANSWERSArranging international transactions into a balance-o...

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  • October 24, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • NYU International Economics
  • NYU International Economics
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NYU International Economics Final
Exam Ch 10-14 Questions & Answers
2024/2025
Balance of Payments - ANSWERSRecord of the economic transactions between the residents of one
country and the rest of the world.



Double Entry Accounting - ANSWERSArranging international transactions into a balance-of-payments
account that requires each transaction to be entered as a credit or debit.



Credit Transaction - ANSWERSA receipt of a payment from foreigners



Debit Transaction - ANSWERSOne that leads to a payment to foreigners



Balance-of-payments structure - ANSWERSCurrent Account

Merchandise trade balance

Capital and Financial Account

Private Sector Financial Transactions



Special Drawing Rights - ANSWERSA new reserve asset created by the IMF as a supplement to the
existing reserves of member countries



Current Account Deficit - ANSWERSMeaning that there is an excess of imports over exports



Current Account Surplus - ANSWERSMeaning that there is an excess of exports over imports



Foreign Exchange Market - ANSWERSOrganizational setting in which individuals, businesses,
governments, and banks buy and sell foreign currencies and other debt instruments.

, Foreign Exchange Market's 3 Levels - ANSWERS- Transactions between commercial banks and
commercial customers

- Domestic interbank market conducted through brokers

- Active trading in forex with banks overseas.



Types of Forex Transactions - ANSWERSSpot, Forward, and Swap



Forex Spot Transactions - ANSWERSOutright purchase or sale of a currency now, as in "on the spot"



Forex Forward Transactions - ANSWERSReceiving or paying an amount of foreign currency on a specific
date in the future



Forex Currency Swap - ANSWERSConversion of one currency to another at one point in time.



Interbank Trading - ANSWERS- Retail transactions

- Wholesale transactions



Forex Bid Rate - ANSWERSPrice that the bank is willing to pay for a unit of foreign currency



Forex Offer Rate - ANSWERSPrice at which bank is willing to sell a unit of foreign currency



Forex Spread - ANSWERSThe difference between bid and offer rate



Currency Depreciation - ANSWERSMore units of a currency is required to purchase another unit of a
foreign currency



Currency Appreciation - ANSWERSFewer units of a currency is required to purchase another unit of a
foreign currency



IMM (International Monetary Market) - ANSWERSChicago Mercantile Exchange

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