Exam (elaborations)
Bloomberg Market Concepts 2024/2025 already graded A+
- Course
- Institution
Bloomberg Market Concepts 2024/2025 already graded A+
[Show more]
1 review
By: bryanokeane10 • 5 months ago
does not give any correct answers
By: Ashley96 • 5 months ago
Thanks for the review, I really appreciate your feedback. I will work on it
Content preview
Bloomberg Market Concepts"New news" moves markets. Accordingly, the economic indicators that heralds "new news" are
of the most value to traders and investors. - ANStimeliness of release
GDP statistics are typically released by the government a month or more after the period in
question, by which point dozens of other indicators have been released. - ANSBecause GDP
statistics are released well after other economic indicators
Nonfarm payrolls, CPI and PMI are published monthly. GDP is only published on a quarterly
basis. - ANSGDP
Which economic indicator is most directly linked to unemployment? - ANSnonfarm payrolls
What is the main reason that investment banks create estimates of economic indicators? -
ANSto know when specific economic data points are a positive or negative surprise
Which of the following is the biggest pitfall of economic indicators?
1. they do not take into account seasonality
2, they are not sufficiently timely to make investment decisions
3. they only serve as proxys for economic activity
4. they do not consistently presage turning points - ANSthey do not consistently presage turning
points
In 1994, the Mexican peso declined against the US dollar by 37% during the so-called Tequila
Crisis. What exacerbating factor did Mexico's Tequila Crisis have in common with the Argentine
crisis of 2002? - ANSboth countries had large dollar-denominated debts
What are 3 examples of failed pegs? - ANS1. British sterling against the Deutsch mark in 1992
2. Mexican peso against the US dollar in 1994
3. Argentine peso against the US dollar in 2002
What is an example of a failed peg? - ANSHong Kong dollar aginst the US dollar in 1997
Currency market mechanics summary: - ANS-the US dollar equivilent of 5T of currencies are
traded every day
-1971 marked the dawn of the modern currency market
-several contries peg their currencies to other currencies
-locked exchange rates are not actually set in stone but are government aspirations
-floating currencies move against one another in a matrix
-the US dollar is the world's reserve currency and is the most heavily traded currency
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Ashley96. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81298 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now