___ balance is classified into: Trade balance, Services balance, Income balance and Transfers balance
Current account
Financial account
Capital account
___ transfers are mainly remittances from immigrants (when an immigrant residing in our country sends to his country of origin what he has managed to save for his work in Spain)
The other answers are correct
Unilateral
Multilateral
If the joint balance of the current account and capital account is positive, it means that the income from the rest of the world from exports, income from labor and capital income, transfers received, etc. are ___ than the payments made by our imports, payments related to labor and capital incom and transfer abroad
Lower
Higher
The other answers are correct
If the joint balance of the current account and capital account is negative ___
The other answers are correct
We lend money abroad
We are in debt with the outside
A capital ___ to our country occurs when a sale of domestic assets is made to residents abroad
Outflow
The other answers are correct
Inflow
Capital inflows are a ___ in the Financial Account
Credit
Debit
The other answers are correct
Foreign investments (direct and portfolio) in Spain have a ___ sign in the Financial Account
Positive
Negative
The other answers are correct
Loans from the rest of the world to Spain are a capital ___
Outflow
Inflow
The other answers are correct
If the balance of the financial balance is positive, Spain becomes ___
The other answers are correct
Creditor
Debtor
Official reserve transactions are the purchases and sales of official reserves by ___ banks
Central
Industrial
Commercial
A positive sign in our Reserves Variation item or Reserve Transaction Balance means that we are becoming ___ for the rest of the world
The other answers are correct
Debtors
Creditors
Suppose that Spain exports wine to the United States for an amount of $15,000, it is the ___ of a foreign asset
Sale
Purchase
The other answers are correct
The reserves Variation item includes all the counterparts derived form international transactions (___)
Capital movements
Trade in goods and services
The other answers are correct
An exchange rate of 102 Japanese yens per dollar means that 102 yens are worth the same as ___
1 dollar
100 dollars
The other answers are correct
An ___ exchange rate is sometimes called a pegged exchange rate
Floating
Fixed
The other answers are correct
As ___ exchange rates adjust automatically, they allow a country to cushion the impact of shocks and foreign economic cycles, and to anticipate the possibility of having a crisis in the Balance of Payments
Fixed
Floating
The other answers are correct
Emerging countries seem to have a ___ fear of floating
The other answers are correct
Lower
Greater
Under the ___ system, when exchange rates rise above or fall bellow the rate set by more than the cost of transporting gold from one country to another, large inflows or outflows occur until the rates return to the official level
Gold standard
The other answers are correct
IMF
Following a ___ would mean that monetary policy would be essentially determined by the rate of gold production
Fixed exchange rate
Gold standard
Floating exchange rate
In the IMF system, if imports increase, the demand for dollars ___
Keeps equal
Decreases
Inceases
Under the IMF system, countries ___ autonomy over monetary policy
Don't have
Have
The other answers are correct
Globalization has been facilitated by rounds of trade negotiations, originally under the auspices of the ___ that led to a serie of agreements to remove restrictions on free trade
The other answers are correct
General Agreement on Tariffs and Trade
General Agreement on International trade
Cultural globalization, driven by the communication technology and world marketing of Western cultural industries, was understood at first as a process of ___, by the global domination of American culture
The other answers are correct
Diversification
Homogenization
One of the effects of globalization is that there is ___ access to external financing for borrowers
Better
Worse
The other answers are correct
The most popular language is ___
Spanish
English
French
International travel and tourism ___
The other answers are correct
Have decreased
Have increased
The three main countries that buy Andalusian products are ___ with 33% of total exports