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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

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