...GBM 381 Week 3 Quiz To Buy This material Click below link http://www.uoptutors.com/GBM-381/GBM-381-Week-3-Quiz 1. If a US firm exports $7,000 of goods which are to be paid for within six months, using a double-entry bookkeeping system, what entries should be made in the US balance of payments? 1. Goods export – credit of $7,000; Capital outflow – debit of $7,000 2. Accounts Receivable – debit of $7,000; Inventory – credit of $7,000 3. Goods export – debit of $7,000; Capital outflow – credit of $7,000 4. Accounts Receivable – credit of $7,000; Inventory – debit of $7,000 2. Which of the following are included in the current account? 1. Currently produced goods and services 2. Income on foreign investments 3. Unilateral transfers 4. All of the above 3. Which of the following is an example of a deficit in the balance of payments? 1. The excess of debits over credits in the current and capital accounts 2. The excess of credits over debits in the current account 3. The excess of credits over debits in the capital account 4. Both b & c 4. ____________ have historically been the most important and most used type of trade restriction. 1. Quotas 2. Domestic content requirements 3. Import tariffs 4. Export tariffs 5. A(n) __________ is a tax or duty levied on the traded commodity as it enters a nation. 1. ad valorem tariff 2. compound tariff 3. optimum tariff 4. import tariff 6. The difference...
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...GBM 381 Week 2 Quiz To Buy This material Click below link http://www.uoptutors.com/GBM-381/GBM-381-Week-2-Quiz 1. A television costs 600 Canadian dollars (CAD) in Canada and 500 US dollars (USD) in the US. The exchange rate between the Canadian dollar and the US dollar is: 1. 1.2 CAD per 1 USD 2. 1.2 USD per 1 CAD 3. .833 CAD per 1 USD 4. Cannot determine 2. An exchange rate is defined as: 1. the interest rate at which currencies can borrowed 2. the domestic currency price of the foreign currency 3. the ratio of export prices to import prices 4. The domestic currency price of a market basket of the most traded currencies in the world 3. If the US dollar price of the Japanese yen changes from $1 per 100 yen to $1.50 per 100 yen, the dollar is said to have _____________ and the yen has ______________. 1. appreciated, depreciated 2. depreciated, appreciated 3. appreciated, appreciated 4. depreciated, depreciated 4. A foreign currency is said to have appreciated against the dollar when: 1. the dollar price of the currency has increased 2. the foreign currency price of the dollar has increased 3. the exchange rate of both currencies with respect to the euro has increased 4. the exchange rate for both currencies with respect to a third currency has decreased 5. If you have a commitment to pay a friend in Britain 1,000 pounds in 30 days, and you are holding US dollars, you could remove the risk of...
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