A. Deposit outside one’s home country but in the home country currency
B. European currency unit, introduced on Jan, 1 1999
C. Both of them
D. None of them
Related Mcqs:
- Suppose that the purchasing power parity estimate of the dollar/euro exchange rate is $1.30 per euro, and the current spot rate is $1.3 8 per euro. Comparing these two exchange rates from a long-run viewpoint you would ?
A. anticipate the dollar to depreciate against the euro
B. anticipate the dollar to appreciate against the euro
C. anticipate the dollar’s exchange rate against the euro to remain constant
D. have no anticipation concerning future movements in the dollar/euro exchange rate - What is Euro ?
A. Deposit outside one’s home country but in the home country currency
B. European currency unit, introduced on January 1, 1999
C. Both of them
D. None of them - Suppose that Boeing is to receive payment in euros in 6 month and wants to engage in hedging the firm would _______ euros on the 6-month forward market in order to protect itself from a/an of the euro?
A. sell; appreciation
B. sell; depreciation
C. buy; depreciation
D. buy; appreciation - What does mean by Deed________________?
A. legal instrument used to grand a right
B. Something done
C. legal instrument
D. none of the above - Which term is used for the period of competition in which each competitor tries to cut retail prices below the others ?
A. Price competition
B. Price support
C. Price war
D. Price battle - Name a default on debt and obligations by a major financial institution that disrupts the stability of the economic system ?
A. Debt blast
B. Debt bomb
C. Bad debt
D. None of them - Name the money of county that is expected to drop in value relative to other currencies?
A. Local currency
B. Cold currency
C. Lime currency
D. Soft currency - Rate of growth of an economy is measured in terms of________________?
A. Per capita income
B. Industrial development
C. Number of people who have been lifted above the poverty line
D. National income - What term is given to unemployment caused by a downturn in the business cycle ?
A. Underemployment
B. Disguised unemployment
C. Temporary unemployment
D. Cyclical unemployment - Name the scale for measuring the average share price and percentage change of 30 major US industrial companies ?
A. Nikki Index
B. NASDAQ
C. Dow Jones Index
D. Major Index
