NYU International Economics Final Exam Ch 10-14 Questions & Answers 2024/2025
2 views 0 purchase
Course
NYU International Economics
Institution
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...
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
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
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 Bensuda. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.49. You're not tied to anything after your purchase.
