Exam 1: Insurance Types and Terms

Gold standard is an example of

Floating exchange rate become common in ----------------

World Bank is also known as --------------------

Purchasing power purity theory was introduced by ------------

Coverage of risks due to fluctuating exchange rates is known as ---------

Balance of Trade is a ----

Deficit BOP can be solved by --------------------

A BOP surplus can be corrected through --------------

The members of the IMF are the members of --------------

IFC was established in ----------------

BOP deficit can be corrected through --------------

The difference between the value of goods and services exported and imported is called -------------

Foreign exchange is demanded by -------------

Devaluation will improve when elasticity of demand of country's export and import is

Flexible exchange rate is based on the concept of

The demand for foreign exchange is determined by country's ------------

The rate at which the exchange dealer is ready to buy a currency as known as ----------------

Which one of the following items in the balance of payments is invisible

The convertibility of dollar was formally abandoned in ---------------

The currency of Italy is ----------------