International Economic Theories and Policies Quiz PDF: Questions and Answers - 55

MCQ 271: The network of banks that trade currencies with each other is known as

1. mortgage market
2. over-the-counter market
3. foreign market
4. inter bank market

MCQ 272: A specific fee charged by a government on a product, income or activity is called as

1. income tax
2. sales tax
3. tax
4. ad-valorem tax

MCQ 273: An economy that is self-sufficient like no imports are brought in and no exports are sent out and fulfils the consumers goal staying within the economy is known as

1. open economy
2. closed economy
3. mixed economy
4. upgraded economy

MCQ 274: The percentage by which the entire set of a nation's trade barriers raises the industry's value added per unit of output is known as

1. rate of effective protection
2. revenue effect
3. specified rate
4. optimal rate

MCQ 275: An unadjusted weighted average rate at which one country's currency exchanges for a basket of multiple foreign currencies is known as

1. cross exchange rate
2. foreign exchange rate
3. effective exchange rate
4. zero exchange rate