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Economics Entrance Exam MCQs – Mock Test 53

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Functions of Foreign Exchange Market Quiz – Mock Test 53 PDF Download

MCQ: 261

An investment to reduce the risk of adverse price movements in an asset is known as

  1. currency swap
  2. speculation
  3. hedging
  4. arbitrage
MCQ: 262

It's a standard act by government to prevent goods to be sold at too lowest prices and is known as

  1. price floor
  2. price ceiling
  3. binding
  4. equilibrium
MCQ: 263

Since quantity supplied by a firm under monopoly is not determined by price but instead by marginal revenue, given the marginal cost curve, so there lies no

  1. demand curve
  2. supply curve
  3. isoquant
  4. straight line
MCQ: 264

The concept that is defined as the value of overseas assets owned by a nation minus the value of domestic assets owned by foreigners is called as

  1. balance of payments
  2. creditor nation
  3. international investment position
  4. net investment income
MCQ: 265

If the time period is short and the supply cannot be expanded after a price increase, the supply is relatively

  1. elastic
  2. inelastic
  3. zero
  4. slightly inelastic

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