Countries that have adopted the indirect quotation include()
America, Britain, Japan
B. America, Britain
C. The Swiss
D. China, Hong Kong, China
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Under a fixed exchange rate system, the following()scenarios will lead to the “Mead conflict”
A. economic recession, balance of payments deficit
B. inflation, balance of payments surplus
C. inflation, balance of payments deficit
D. economic recession, balance of payments surplus
Direct control includes()
A. fiscal control
B. exchange rate policy
C. foreign exchange control
D. trade policy
Under a floating exchange rate regime, the “time delayed” effect of exchange rate changes on the trade balance may be caused by()
A. consumers in countries with devalued currencies
B. producers in countries with devalued currencies
C. foreign consumers
D. Importers in countries with devalued currencies
A country with a surplus in the balance of payments may()
A. increase foreign exchange reserves
B. enhance ability of external payment
C. raise the cost of international trade
D. improve it international status