International Financial Management mcq set 1

1. Recently, the UK experienced an annual balance of trade representing a ___A. large surplus (exceeding £100 billion)B. level of zeroC. small surplusD. deficit AnswerD. deficit 2. An increase in the current account deficit will place ___ pressure on the homecurrency value, other things equal.A. upwardB. downwardC. noD. upward or downward (depending on the size…

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