NMC278H1 Final: NMC 278 Exam Terms

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pinkchinchilla975

13 Dec 2011

School

UTSG

Department

Near & Middle Eastern Civilizations

Course

NMC278H1

Professor

James Reilly

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Document Summary

Directed arab revolt in ww1 against ottomans. Briefly governed damascus with british support as arab ruler of. 1921: first king of iraq under british mandate, confirmed by national. Islam as state religion, shari"ah law courts for both sunni and shi"a. Overcame connection with british and established connection with diverse and disgruntled populations. Personified hopes and disappointments of arab nationalists- tragic. Defeated ottomans recognize loss of arab provinces to allied forces. Land to be given to greeks and kurds, the straights. Treaty rejected by ankara- based turkish nationalists, ultimately internationalized overruled. Multi-class, country wide, demonstrations against the arrests of. Sa"ad zaghlul- leader forced to step down by british (1925) Combined traditional religious education with modern school teaching. Represented middle class, educated (excluded from narrow circle of. Mandates = colonial apparatus in different garbs. Transjordan, iraq, palestine (british), lebanon, syria (french) Mandates ensure long term colonial rule and instituted policies to ensure the nations dependence on them.

Related Questions

As a portfolio manager of a US-based financial institution, you are responsible for managing domestic and international investments of your institution. Approximately 25 percent of the stock portfolio you manage is British stocks. Your expectation is that the British stock market will perform well over the next year. Therefore, you plan to sell the stocks one year from now and then convert the British pounds received to dollars at that time. However, you are worried that the British pound may depreciate against the dollar over the next year.
a. Explain how you could use a forward contract to hedge the exchange rate risk associated with your position in British stocks.

b. If interest rate parity holds, does this limit the effectiveness of a forward contract as a hedge?

c. Explain how you could use an options contract to hedge the exchange rate risk associated with your position in stocks.

d. Assume that, although you are worried about the potential decline in the poundâs value, you also believe that the pound could appreciate against the dollar over the next year. You would like to benefit from the potential appreciation but also wish to hedge against the possible depreciation. Should you or should you not use forward contract or options contracts to hedge your position? Explain.

emeraldraccoon996

Under a system of floating exchange rates, which of the following would not tend to cause an increase in the value of a country's currency?

Question 1 options:

An increased demand for the country's goods.

Offering higher interest rates than other countries.

A downturn in the country's business activity.

A lower rate of inflation than other countries.

Foreign currency is usually referred to as

Question 2 options:

"foreign commodities."

"foreign exchange."

"foreign investment."

"foreign value."

All else held constant, the near-term result of a decrease in the exchange value of country A's currency against country B's currency would most likely

Question 3 options:

increase A's exports to B.

decrease B's trade deficit with A.

increase B's exports to A.

decrease B's imports from A.

When international trade occurs, currency exchange

Question 4 options:

is usually optional and rarely necessary.

can be avoided through careful planning.

is both necessary and unavoidable.

cannot occur unless both parties are coerced.

Question 5 (1 point)

In order to purchase a vacation home in Great Britain, an American buyer would

Question 5 options:

demand British pounds and supply U.S. dollars in the foreign exchange market.

demand U.S. dollars and supply British pounds in the foreign exchange market.

demand and supply British pounds, but not U.S. dollars, in the foreign exchange market.

demand and supply U.S. dollars, but not British pounds, in the foreign exchange market.

Which of the following will lead an American to exchange U.S. dollars for British pounds?

Question 6 options:

Importing a case of British salmon

Purchasing a cottage in the British countryside

Investing in a British manufacturing company

All of the above

Which of the following was established as a result of the Bretton Woods Conference?
I. The International Monetary Fund (IMF)
II. The World Bank
III. The Geneva Conventions

Question 7 options:

I and II only

I and III only

II and III only

I, II, and III

A "weak" (i.e., decreased value) U.S. dollar in relation to other currencies will typically have which of the following effects?

Question 8 options:

U.S. exports to other countries will decline.

Foreign countries will sell more goods in U.S. markets.

The U.S. trade deficit will increase.

None of the above.

Special Drawing Rights (SDRs)

Question 9 options:

constitute an international currency created by the International Monetary Fund.

are considered as "paper gold", used as a substitute for gold in international exchange.

are used as part of the official reserves of central banks to settle international debt.

all of the above.

10.

Which of the following will lead to an inflow of U.S. dollars in the U.S. Balance of Payments account?

Question 10 options:

Exports of U.S. goods and services

Gifts (aid) received by the U.S. from foreign countries

Foreign investment in U.S. Treasury securities

All of the above

11.

If the U.S. sells $150 million of wheat to Brazil in return for $200 million of Brazilian oil, the $50 million difference will necessarily

Question 11 options:

be balanced by other transactions in the U.S. Balance of Payments account.

never by paid back, resulting in a $50 million loss for Brazil.

result in the sale of $50 million more wheat to Brazil later on.

obligate the U.S. to provide $50 million in foreign aid to Brazil.

12.

An inflow of U.S. dollars to the U.S. Balance of Payments account will occur when

Question 12 options:

	the U.S. buys foreign currency in international markets.
	the U.S. donates foreign aid to other countries.
	Americans make investments in foreign assets.
	the U.S. exports merchandise to foreign countries.

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13.

A demand for foreign goods

Question 13 options:

	is a demand for foreign currency.
	requires supplying domestic currency.
	both of the above.
	none of the above.

The March 2 headline in The Telegraph, a British newspaper, trumpeted, Donald Trump says 'trade wars are good' as US markets plunge in reaction to news of steel tariffs. Foreign countries have since retaliated with tariffs against U.S. products and the U.S. has retaliated to these with more and threats of even more tariffs. What are your thoughts about tit-for-tat tariffs and trade wars? The response should be informed by what you have learned about international monetary relations.

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NMC278H1 Final: NMC 278 Exam Terms

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