A. profit
B. arbitrage
C. spread
D. forward transaction
A. forward transaction
B. spot transaction
C. swap transaction
D. None of the above
A. hedging
B. speculation
C. intervention
D. arbitrage
A. increase in the demand for yen
B. decrease in the demand for yen
C. increase in the supply of yen
D. decrease in the Supply of yen
A. America’s demand for Swiss merchandise rises
B. America’s demand for Swiss merchandise falls
C. Switzerland’s demand for American merchandise rises
D. Switzerland’s demand for American merchandise falls
A. letter a credit
B. foreign currency option
C. cable transfer
D. bill of exchange
A. constant
B. inelastic
C. elastic
D. Unitary elastic
A. decrease; depreciate
B. decrease; appreciate
C. increase; depreciate
D. increase; appreciate
A. upward slog
B. downward slog
C. vertical
D. any of the above
A. GDP usually decreases before it increases after a currency depreciation
B. the trade balance usually gets worse before it improves after a currency depreciation
C. the trade balance usually gets better before it gets worse after a currency appreciation
D. GDP usually decreases before it increases after a currency appreciation