Functions of Foreign Exchange Market Quiz PDF: Questions and Answers - 79

MCQ 391: The profit made by a government from the printing of money, literally the face value of the money minus the cost of physically making it is known as

1. shoe-leather cost
2. LM model
3. seigniorage benefit
4. dollarization of the economy

MCQ 392: If USA has got rice specialization, better it would trade to get

1. gains from trade
2. specialization
3. comparative advantage
4. comparative disadvantage

MCQ 393: The process of a company increasing production of goods or services at the same part of the supply chain is known as

1. vertical integration
2. horizontal integration
3. backward integration
4. integration

MCQ 394: Fee levied on employers or employees and are usually calculated as a percentage of salaries that employers pay their staff is known as

1. sales tax
2. ad-valorem tax
3. payroll tax
4. income tax

MCQ 395: An intergovernmental organization working to promote free trade and economic integration for its member states is known as

1. northern American free trade association
2. south Asian free trade association
3. European free trade association
4. Organization of Petroleum Exporting Countries