Final Sınavı - Introduction to Economics 2

Soru 1:

What is the situation of concurrent equilibrium of the internal and external balance of an economy?

A) Import B) Export C) General equilibrium D) Internal equilibrium E) External equilibrium

Soru 2:

What is the sum of cash in bank’s vault and demand deposits in central bank and other banks called?

A) Reserves B) Loans C) Securities D) Liquidity E) Near Money

Soru 3:

............................................ is the price of one country’s currency expressed in terms of another country’s currency. Which of the following completes the sentence above?

A) New protectionism B) Traditional trade restriction C) Foreign exchange rate D) Nominal exchange rate E) Equilibrium exchange rate

Soru 4:

What is the quantity of money that economic agents want to hold with the intent of defraying unforeseen expenses called?

A) Transaction demand for money B) Money demand C) Speculative demand for money D) Precautionary demand for money E) Money supply

Soru 5:

……………… are the sum of cash in bank’s vault and demand deposits in central bank and other banks. Which of the following best fits the definition above?

A) Reserves B) Bank accounts C) Liquidity D) Deposit Money E) Loans

Soru 6:

Each international transaction requires the usage of at least how many different national currencies at the same time?

A) Five B) Four C) Three D) Two E) One

Soru 7:

According to the classical economists Which of the following provides the information about factors that determine the velocity?

A) Number of the potential customers B) Number of the customers C) People’s tastes D) People’s savings E) People’s habit to spend and pay

Soru 8:

Which one of the following is not true about restrictive trade instruments?

A) They are examined into two groups: Tariffs and non-tariff restrictions. B) Tariff is a tax or a duty levied on the traded commodity as it crosses a national boundary. C) Non-tariff restriction a barrier resulting from a prohibition, condition or a specific market requirement that makes importation or exportation of a commodity costly or difficult. D) Tariff restrictions can be classified into three different categories. E) A tariff on imported commodities make them more expensive for domestic consumers.

Soru 9:

Which of the following values refer to HDI high development?

A) 0-0-0.49 B) 0.5-0.69 C) 0.7-0.79 D) Above 0.8 E) None of the above

Soru 10:

Which of the followings is an example of beneficial shock?

A) wars B) tax increase C) inventions D) earthquake E) flood

Soru 11:

Which of the following is true for GDP (Grand Domestic Product)?

A) There are four types pf GDP B) It increases when taxes increase C) It is used to measure economic growth D) It is measured in every five years E) It is about the future production projections

Soru 12:

Which of the following is not one of the economic units?

A) Households B) Corporations C) Government D) Money E) Foreigners

Soru 13:

Which of the followings is true as the result of high population growth?

A) higher steady state capital-labor ratio B) higher output per worker C) changes in the proportion of working population D) higher consumption per worker E) lower consumption

Soru 14:

Where are the exports and imports of an economy recorded in the balance of payments?

A) Capital Account B) Finance Account C) Official Reserves Account D) Current Account E) Statistical Discrepancy Account

Soru 15:

Which of the following refers to the fall in the value of one currency in terms of another currency by the decision of the central bank?

A) Currency devaluation B) Currency depreciation C) Currency appreciation D) Currency revaluation E) Currency nomination

Soru 16:

Which one of the following is not true about the central bank’s functions?

A) Ensuring and maintaining stability in money markets B) Performing government’s financial transactions C) Serving as the banker for banks D) Regulating supply, cost and availability of money and credit E) Lending money to governments

Soru 17:

According to Classical Quantity Theory, in what percentage prices do increase if the amount of money increases 10 percent while the velocity of money is 2?

A) 0 B) 5 C) 7.5 D) 10 E) 20

Soru 18:

What is the main cause of inflation?

A) Increased unemployment B) Increased money supply C) Decreased production D) Velocity of money E) Demand shock

Soru 19:

Which of the following is the most important property of indirect channel concept suggested by Keynes?

A) Velocity of money B) Multiplication of prices C) Stable interest rate D) Existence of alternative financial assets E) Changes in the aggregate expenditure

Soru 20:

What is the number that represents, on average, how many times one unit of money is used for purchasing final goods and services called?

A) Equation of exchange B) Neutrality of money C) Velocity of money D) Money market equilibrium E) Nominal income