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International and Free trade Flashcards | StudBud
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International and Free trade
International and Free trade
15 terms
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A business quiz about international trade and free trade #fun #wow #amazing
Flashcards
15 cards
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Questions
15
Answers
1
What is a trading bloc?
When there are barriers in trading
Don't know
A market where you trade products
None of the above
2
Which one of these do British businesses have to do to follow International Trading procedure?
Make your own rules
Firms have to agree with requirements of other countries
None of above
Insist on having exports being paid in our currency
3
What is Hot Money?
Capital flows moving to countries with higher interest rates
Flow of capital between countries to gain highest interest
Flow of capital to gain short-term profit on interest rates
Funds are always moving from countries to get interest
4
With a UK firm that exports but doesn't import, if exchange rates fall ...
The foreign currency price stays the same
The foreign currency price increases
It depends
The foreign currency price falls
5
What are some benefits of being in a trading bloc?
None of the above
Ability to access raw materials at a lower price
Increase in stability of your business
Trade creation
6
What is free trade? (2 possible answers)
Free resources being traded from overseas
Trade without tariffs or quotas being imposed on products
Trade with tariffs and quotas being imposed on products
Exporting and importing without tariffs and quotas
7
What is foreign capital inflow (foreign inflow of money)?
Capital flowing out of our economy
Capital invested by foreign companies into our economy
Excess of capital
Surplus of capital
8
T.E.D is used to measure...
Effects of a change in the exchange rates
Inflation
Quota sampling
Economic growth
9
Lowering the exchange rate will help to...
increase economic activity
decrease economic activity
10
Exchange rate is...
The value of the Pound in terms of the Pound
The value of the Pound in terms of another currency
The strength of British businesses
11
Which one of these determines the demand for Pounds on the Foreign Exchange Market?
Foreign capital inflow in the UK
Foreign investment in the UK
Capital outflow of the UK
Investment from the UK
12
Free trade takes place when there are no barriers.
False
True
13
What determines the supply of Pounds on the Foreign Exchange Market?
UK residents and businesses buying exports
UK residents and businesses buying imports
Hot money flows going abroad
The UK investing abroad
14
What is International Trade?
When we trade between certain countries and nations
When our currency is strong
Exchange of products and capital over national borders
Exchange of products with tariffs and quotas imposed
15
What does T.E.D stand for?
Touch Entry Design
Trend Extent Duration
Threat Environment Defense
Trunk Encryption Device
