Balance of Payments/Trade
What two accounts make up the Balance of Payments?
What is... the Current Account (CA) and Capital and Financial Account (CFA)
What do CA and CFA stand for?
What is... Current Account (CA) and Capital and Financial Account (CFA)
What is the definition of Exchange Rate?
What is... the price of one currency relative to another currency
If you demand a foreign currency, you must supply what?
What is... your local currency
What teacher from Devon did Mr. Fisher teach?
Who is... Mr. Rox
What should the Balance of Payments always equal?
What is... 0
If CA is in a surplus, CFA must be in what?
What is... a deficit
When a currency depreciates, does it get stronger or weaker?
What is... Weaker
Which exchange rate is determined by the market?
What is... Floating Exchange Rate
What does Mr. Fisher drink 365 half gallons of every year?
What is... Diet Iced Tea
When is there a trade deficit?
What is... exporting less than what's imported
What is Net Capital outflow?
What is... the difference between the purchase of foreign assets and domestic assets purchased by foreigners
Does the US dollar appreciate or depreciate:
1 US $ = 10 pesos ...to... 1 US $ = 15 pesos
What is... Appreciate
When a country's currency appreciates, what happens to net exports?
What is... they decrease
How many times did we take the circular flow quiz?
What is... 4 times
The Balance of Payments is a summary of what?
What is... A country's international trade
What does the Capital and Financial Account measure?
What is... the purchase and sale of financial assets abroad
When trading, does the importer or exporter exchange their currency for the other?
What is... the importer
What 2 things could the government do to decrease the number of exports?
What are... Tariffs and Quotas
What is the name of the water bottle (box) brand Sunny had on the day of the Unit 3 presentation?
What is... Flow
What two things does balance of trade include?
What are... goods and services
What are the three parts that the Current Account consists of?
What are... Trades in Goods and Services (Net Exports), Investment Income, and Net Transfers
What is... 6.82
What are the 4 Foreign Exchange shifters?
What are... changes in tastes, changes in relative incomes, changes in relative price level, and changes in relative interest rates
Make Mr. Fisher laugh in 5 words for points
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