2023 Bloomberg Markets Concepts ( BMC ) Test Bank
100% Correct Answers Guaranteed in TB with All-New Q&A - A+!
- Which driver weakened the Swiss franc?
: a) A surprise change in net export expectations
b) A surprise change in interest rates expectations
c) A surprise change in inflation expectations
d) A surprise change in valuation expectations
Answer: C
- How accurately do GDP portray the economy and why?
Answer: Inaccurately be- cause the scope of GDP measurements can change.
- Consider the formula GDP = C+I+G+(X-M). A country is undergoing a boom in
consumption of domestic and foreign luxury goods. In one year, the dollar growth in imports is greater than the dollar growth in domestic consumption. Assuming nothing else has changed, what happened to GDP?
Answer: It went down
- Here is the most important economic data for Australia and Sweden. which
economy did better year-over-year (YOY) in the fourth quarter of 2013 compared to the fourth quarter of 2012? Use the two charts to investigate.-
Answer: Sweden performed better
- In the United States, why is there a strong correlation between unemploy ment and
GDP?
Answer: Consumer spending accounts for two-thirds of the U.S. economy when the
number of unemployed consumers rises, there is less consumer spending.
- Here is a chart showing both nominal GDP growth and real GDP growth for a
- / 3
country. Which of the following can be a true statement at the time the chart was captured?Answer: The country has deflation. The bottom line is nominal growth and the top line is real growth.
- Which of the following lines is the best leading economic indicator?
Answer: PMI
- The "misery index" is often cited in the media as a way to measure consumer
pain. It is defined as the inflation rate plus the unemployment rate Answer Argentina
- What typically happens to nonfarm payrolls, the PMI indicator, and housing starts at
the onset of a recession in the United States?
Answer: Nonfarm payrolls go down, the PMI indicator goes DOWN, the housing
starts goes down.
- Which of the following qualities of economic indicators do investors prize the
most?
Answer: Timeliness of release
- Why is the release of GDP statistics less interesting to investors than the release
of other economic indicators?Answer: Because GDP statistics are released well after other economic indicators.
- Which of the following important U.S. economic indicators is only avail- able
on a quarterly basis?
Answer: GDP
- Which economic indicator is most directly linked to unemployment?
Answer: - nonfarm payrolls
- Here is the economic calendar for the UK for august 2013. Examine indicators
like PMI,......
Answer: Above expectations
- This chart was captured in mid-2014. At that point in time, which of the
following terms. ...............Answer Deceleration 2 / 3
- How have economic forecasts for this county evolved?
Answer: Minimal Change
- These charts show data for four countries as of early 2016. For each country, the
purple line ........................................Answer Russia
- What is the main reason that investment banks create estimates of eco- nomic
indicators?
Answer: To know when specific economic data points are a positive or negative
surprise.
- Which of the following is the biggest pitfall of economic indicators?
Answer: They do not consistently presage turning points.
- Here is a chart displaying estimates of the initial jobless claims indicator, one of
the main unemployment.Answer 260
- Which country is the fourth biggest importer and exporter?
Answer: Japan
- In 1994, the Mexican peso declined against the US dollar during so-called
"Tequila Crisis."....
Answer: Both countries had large dollar-denominated debts
- Using the chart given, how many NZD can you buy with 100 AUD?
Answer: 107.89
- Allison lives in America and has just retired. It is early 2016.
- / 3
Answer Norway