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CA Foundation Economics: related Business Economics practice — page 9

The practice bank below covers broader Business Economics topics; a dedicated Economics lesson is not available yet.

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Business Economics questions and exercises with answers

Showing questions 241–245 of 245.

A fall in a currency's value makes imports what for a country's citizens?Read the answer and worked solution →A current account surplus is equivalent to the excess of what?Read the answer and worked solution →After Bretton Woods ended, which currency remained the principal de facto reserve?Read the answer and worked solution →A country selling more than it imports sees what happen to demand for its currency?Read the answer and worked solution →Which view blames a global savings glut for BoP imbalances, argued in a 2005 paper?Read the answer and worked solution →

Worked practice questions

A fall in a currency's value makes imports what for a country's citizens?

  1. Duty free
  2. More expensive
  3. Much cheaper
  4. Unavailable
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Correct answer: B. More expensive

Foreign goods cost more in domestic currency after depreciation, which discourages imports.

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A current account surplus is equivalent to the excess of what?

  1. Investment over savings
  2. Imports over exports
  3. Savings over investment
  4. Taxes over spending
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Correct answer: C. Savings over investment

A surplus is also expressed as savings exceeding investment, apart from earnings exceeding spending.

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After Bretton Woods ended, which currency remained the principal de facto reserve?

  1. The British pound
  2. The Swiss franc
  3. The Japanese yen
  4. The US dollar
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Correct answer: D. The US dollar

With no formal reserve asset, the US dollar stayed by far the main reserve.

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How to practise

  1. Choose a Business Economics question and try to work out your answer.
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More Business Economics topics

Price-Output Determination under Different Market FormsPublic FinanceSupplyLaw of DemandInternational TradeBasic Problems of an Economy and Role of Price MechanismProduction And CostBusiness Cycles