Deneme Sınavı Soruları

The indirect quotation method is called as American terms.

The direct quotation method is defined as the price of domestic currency in terms of foreign currency.

The indirect quotation method is defined as the price of foreign currency in terms of domestic currency.

The exchange rate applied by banks in foreign currency sales transactions is called bid rate.

The exchange rate applied in purchase transactions is called as ask rate.

Exports are dependent on income level of the exporting country.

Net exports give the total export value of a country.

In the Keynesian model, exports are taken as autonomous.

Trade deficit means that export value is more than import value in a country.

Trade surplus means that import value is more than export value in a country.

All prices are constant.

Interest rates are constant.

Economy is at full employment

Government spending is stated by central and local government

Disposable income is defined as income minus net taxes.

Currency crisis

Asset bubbles

Hyperinflation

Balance of payment crisis

External debt crisis

To make the participant countries visible easier in the world.

To make international trade and investment easier for participating countries.

To determine the borders of the participant countries.

To support the economic growth and development of the countries.

To determine and compare the production power of countries.

It is the oldest financial market.

London and New York are the two of the major financial centres in the world.

Its function is to transfer purchasing power from one to another.

Letters of credit and banker’s acceptance are useful methods in foreign exchange market.

It hasn’t any option as insuring against foreign exchange risks.

Arbitrage

Hedging

Speculation

Spot

Swap

98 % of world trade is carried out by the WTO members.

It is founded in 1995, Geneva, due to Uruguay Round Negotiations.

It currently has 164 members

Its predecessor was the United Nations Trade and Tariffs Declaration.

Beside merchandise, service and intellectual property trade are also included.

Export/ Import/Real GDP

Real GDP/Import/Export

Real GDP/Export/Import

Import/Real GDP/Export

Import/Export/Real GDP

Major component of current account is net exports.

Trade balance means balance on goods and services.

If imports exceed exports, it is called trade surplus.

If exports are less than imports, it is called as deficit.

The balance on goods and services may exceed the amount of the current account balance in net income payments

Higher/Smaller/Smaller

Less/ Smaller/Bigger

Higher/Smaller/Bigger

Less/ Smaller/Smaller

Less/ Bigger/Smaller

Trade volume of goods.

Exchange of tangible goods.

Real transactions.

Monetary transactions.

Exchange of tangible services

Levels of prices

Levels of exchange rates

Change in the price level

Change in the exchange rate

Base level of the currency

It implies the effect of total expenditures on the government spending.

It shows the effect of change in autonomous spending on income.

It reflects the effect of income on change in autonomous spending.

It indicates the effect of total expenditures on the investment.

It implies the effect of change in autonomous expenditure on the investment.

Price elasticity of demand for export and import should be more than 1.

Price elasticity of demand for export and import should be less than 1.

Income elasticity of demand for export and import should be more than 1.

Income elasticity of demand for export and import should be less than 1.

Income elasticity of demand for export and import should be more than 0.

The incurrence of liabilities exceeds the net acquisition of financial assets.

The imports exceed the exports.

There was a net capital outflow from Türkiye.

Reserve assets get surplus.

The capital account balance is larger than the current account balance.

Payments inward to a country

Exports of financial inflows

Payments outward from the country

Exports of interest

Exports of goods and services.

New neoliberal policies in the international trade.

New establishment of the government in 1980.

End of banking crisis in these years.

An increase in the investment of R&D.

Being relatively less affected by the global crisis compared to developed countries.

It requires international borrowing.

The financial account must be in surplus.

A debtor country’s indebtedness decreases.

The creditor country’s lending to foreigners reduces.

If the country is already a net creditor, the surplus of financial account represents a decline in international lending.