A. Local currency
B. Cold currency
C. Lime currency
D. Soft currency
Related Mcqs:
- Currency that is expected to drop in value relative to other currencies is called ?
A. Local currency
B. Cold currency
C. Lime currency
D. Soft currency - In the early eighties, the Federal Reserve pursed a tight monetary policy. All else being equal. the impact of that policy was to interest rates in the United States relative to those in Europe and cause the dollar to _______ against European currencies?
A. decrease; depreciate
B. decrease; appreciate
C. increase; depreciate
D. increase; appreciate - Term a country’s decision to tie the value of its currency to another country’s currency gold or a basket of currencies ?
A. Pagged exchanged rate
B. Fixed exchange rate
C. Relative exchange rate
D. Knotted exchange rate - Which of the following is a form of international reserve assets, created by IMF in 1967 whose value is based on a portfolio of widely used currencies ?
A. Special Drawing Right (SDR)
B. IMF Drawing Rights (SDR)
C. International Drawing Right (IDR)
D. Sure, Drawing Rights (SDR) - Small nations with more than one major trading partner tend to peg the value of their currencies to ?
A. gold
B. silver
C. a single currency
D. a basket of currencies - The record of a county’s transfers of shareholding property and bank deposits to and from abroad is called its ?
A. financial account on the balance of payments.
B. balance of payments
C. balance of payments on current account
D. capital account of the balance of payments - There is method by which one currency is bought, sold or valued in terms of other currencies, gold or accounting units such as the Special Drawing Right of IMF. What is it called ?
A. Currency exchange
B. Currency value
C. Currency value
D. Exchange rate - An exchange arrangement was formed in 1979 that governs the currencies of European union member countries. What this arrangement called ?
A. European Currency System (ECS)
B. European Monetary Mechanism (EMM)
C. Common Monetary System (CMS)
D. European Monetary Fund (EMF) - Exchange rate of which of the following currencies falls because of persistent balance of payments deficit ?
A. Gold currency
B. Hard currency
C. Silver currency
D. Soft currency - Which money is called ‘Earnest’ Money ?
A. Advanced payment to bind a contract or bargain
B. A token of something to come
C. A promise or assurance
D. All of these
