The ___ balance includes transactions derived form trade of goods and services, income and payments derived from labor and capital income, and income and payments derived from unilateral transfers without counterpart (mainly remittances from immigrants)
Current account
Financial account
Capital account
Transfers balance includes income and payments form ___ transfers
The other answers are correct
Unilateral without counterpart
Multilateral with counterpart
The balances of the Current Account and Capital Account are interpreted ___
Separately
Jointly
The other answers are correct
If the joint balance of the current account and capital account is negative, the income we receive from our sales to the rest of the world ___ enough to cover the payments that we must make to the rest of the world
The other answers are correct
Is
Isn't
___ balance shows the difference between capital inflows from the rest of the world and capital outflows to the rest of the world
Current account
Capital account
Financial account
Capital inflows are recorded with a ___ sign in the Financial Account
Positive
Negative
Neutral
Foreign investments (direct and portfolio) in Spain are capital ___
Inflow
Outflow
The other answers are correct
Loans from Spain abroad have a ___ sign in the Financial Account
Positive
Negative
The other answers are correct
If the balance of the financial balance is ___, it means that there have been more capital inflows into Spain than outflows
Neutral
Negative
Positive
Central banks often buy and sell currencies (official interventions in the currency market) in order to control monetary ___
Supply
Demand
The other answers are correct
A positive sign in our Reserves Variation item or Reserve Transaction Balance means that domestic assets are ___ in the hands of foreigners
The other answers are correct
Increasing
Decreasing
Suppose that Spain exports wine to the United States for an amount of $15,000, this operation is a capital ___
Export
Import
The other answers are correct
Suppose that Spain buys shares for an amount of €10,000 to an American company. This operation will have its counterpart in the Variation of Reserves with ___ sign
Negative
The other answers are correct
Positive
The ___ rate between two specific currencies is the value of the currency of a foreign nation in terms of the currency of another country
Exchange
Interest
The other answers are correct
The ___ index published by the Economist magazine compares, through the reference value of the sale of aforesaid hamburguer, belonging to the McDonald's fast food chain, the cost of living in the countries where the hamburger is sold
Whopper
Big Mac
The other answers are correct
A ___ exchange rate is an exchange rate regime where the value of a currency is allowed to fluctuate according to the Foreign Exchange Market
Fixed
Floating
The other answers are correct
When ___, unexpected depreciation of the exchange rate deteriorates the balance sheet of banks and companies and threaten the stability of the national financial system
The other answers are correct
Liabilities (debts) and assets are expressed in local currency
Liabilities (debts) are expressed in foreign currency while assets are in local currency
In an international gold standard system (which is necessarily based on an internal gold standard in the affected countries) ___ is used as a means of making international payments
The other answers are correct
A currency that is convertible into gold at a fixed price
Gold
Following a gold standard would mean that the quantity of money would be determined by the supply of gold, and therefore monetary policy ___ to stabilize the economy in times of economic recession
The other answers are correct
Couldn't be used
Could be used
After abandoning the Gold Standard, the IMF proposed different systems for fluctuating exchange rates. One possibility raised is the one that allows a fluctuation of ___ on each side of the exchange rate set by the Central Bank
3%
2%
1%
With the IMF system, countries with surplus ___ willing to raise the parity of their currencies
Weren't
Were
The other answers are correct
___ has been facilitated by advances in technology that have reduced the cost of trade
The other answers are correct
Globalization
Isolation
Since World War II, there has been a ___ recognition of restrictions on intellectual property
The other answers are correct
Local
Supranational
One of the effects of globalization is that there is ___ access to a range of foreign products for consumers and companies
Higher
Lower
The other answers are correct
In the future, ___ will have enough wealth, industry and technology to rival the United States for the position of leading world power
Brazil
China
Germany
There is ___ individual access to cultural diversity
The other answers are correct
Worse
Better
Andalusian trade is focused on importing ___ products