Chapter 29
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| Arbitrage | show 🗑
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| Balance of Payments | show 🗑
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| show | This is export of goods minus imports of goods (or visible balance).
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| Capital account of the Balance of Payments | show 🗑
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| Currency speculation | show 🗑
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| Current account of the Balance of Payments | show 🗑
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| Devaluation | show 🗑
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| show | The rate of exchange that ensures a country's exports are equal to its imports, that is, the correct rate of exchange for that currency.
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| Financial account of the Balance of Payments | show 🗑
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| Fixed exchange rate | show 🗑
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| show | This is when the government allows the value of the currency to move up or down according to demand for and supply of the currency.
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| Invisible balance | show 🗑
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| show | This states that a devaluation will improve a country's balance of trade if the sum of the elasticities of demand for export and imports is greater than 1.
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| Net errors and omissions | show 🗑
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| show | This states that the exchange rate between one current and another is in equilibrium when the domestic purchasing powers of the currencies are equal.
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| show | This is the price of one currency in term of the currencies.
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| Revaluation | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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