Economics MCQs (BBA Business Administration) From Textbook

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Economics Certification MCQs – Mock Test 55

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International Economic Theories & Policies MCQs – Mock Test 55 PDF Download

MCQ: 271

The network of banks that trade currencies with each other is known as

  1. mortgage market
  2. over-the-counter market
  3. foreign market
  4. inter bank market
MCQ: 272

A specific fee charged by a government on a product, income or activity is called as

  1. income tax
  2. sales tax
  3. tax
  4. ad-valorem tax
MCQ: 273

An economy that is self-sufficient like no imports are brought in and no exports are sent out and fulfils the consumers goal staying within the economy is known as

  1. open economy
  2. closed economy
  3. mixed economy
  4. upgraded economy
MCQ: 274

The percentage by which the entire set of a nation's trade barriers raises the industry's value added per unit of output is known as

  1. rate of effective protection
  2. revenue effect
  3. specified rate
  4. optimal rate
MCQ: 275

An unadjusted weighted average rate at which one country's currency exchanges for a basket of multiple foreign currencies is known as

  1. cross exchange rate
  2. foreign exchange rate
  3. effective exchange rate
  4. zero exchange rate

International Economic Theories & Policies Certification Guide – Economics App & e-Book Notes

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