Which of the following can the Fed accomplish by raising or lowering the required reserve ratio
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Definition1/8
Increase or decrease the money supply
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Term1/8
What are Normal Trade Relations
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Definition1/8
The designation of a country with which beneficial trade status
(lower tariffs, limited restrictions) has been declared. The status
Permanent Normal Trade Relations (PNTR) was created in 1998 to
replace the former title of Most Favored nation (MFN).
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Term1/8
What best explains what happens to the exchange rate of a floating currency
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Definition1/8
The exchange rate for that currency changes depending on the
operations of the free market
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Term1/8
What describes what is done with foreign currency in the currency exchange market
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Definition1/8
Bought and sold using different foreign currencies.
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Term1/8
Describes the most likely effect of the fed buying millions of dollars in t-bonds
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Definition1/8
an increase in the money supply An increase in the money supply
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Term1/8
How would you match each type of tariff A revenue tariff B protective tariff with its purpose C retaliatory tariff 1 earn money for the government 2 engage in a trade war 3 help domestic producers
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Definition1/8
Revenue tariff - Earn Money for the Government
Protective Tariff - Help domestic producers
Retaliatory tariff - engage in a trade war
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Term1/8
What is the difference between a tariff and an excise tax
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Definition1/8
A tariff is the tax placed on the shipment of imported goods
that are imported. An excise tax is an indirect tax that is charged
upon the sale of one good.
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Term1/8
What best explains what a forward contract is
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Definition1/8
A contract to deliver a particular commodity to a buyer sometime
in the future.
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Cards in this guide (8)
Which of the following can the Fed accomplish by raising or lowering the required reserve ratio
Increase or decrease the money supply
What are Normal Trade Relations
The designation of a country with which beneficial trade status
(lower tariffs, limited restrictions) has been declared. The status
Permanent Normal Trade Relations (PNTR) was created in 1998 to
replace the former title of Most Favored nation (MFN).
What best explains what happens to the exchange rate of a floating currency
The exchange rate for that currency changes depending on the
operations of the free market
What describes what is done with foreign currency in the currency exchange market
Bought and sold using different foreign currencies.
Describes the most likely effect of the fed buying millions of dollars in t-bonds
an increase in the money supply An increase in the money supply
How would you match each type of tariff A revenue tariff B protective tariff with its purpose C retaliatory tariff 1 earn money for the government 2 engage in a trade war 3 help domestic producers
Revenue tariff - Earn Money for the Government
Protective Tariff - Help domestic producers
Retaliatory tariff - engage in a trade war
What is the difference between a tariff and an excise tax
A tariff is the tax placed on the shipment of imported goods
that are imported. An excise tax is an indirect tax that is charged
upon the sale of one good.
What best explains what a forward contract is
A contract to deliver a particular commodity to a buyer sometime
in the future.