Bloomberg Market Concepts Exam With 100% Correct Answers 2024 "New news" moves markets. Accordingly, the economic indicators that heralds "new news" are of the most value to traders and investors. - Correct Answer-timeliness of release GDP statistics are typically released by the government a month or more after the period in question, by which point dozens of other indicators have been released. - Correct Answer-Because GDP statistics are released well after other economic indicators Nonfarm payrolls, CPI and PMI are published monthly. GDP is only published on a quarterly basis. - Correct Answer-GDP Which economic indicator is most directly linked to unemployment? - Correct Answer- nonfarm payrolls What is the main reason that investment banks create estimates of economic indicators? - Correct 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?
- they do not take into account seasonality
- they only serve as proxys for economic activity
- they do not consistently presage turning points - Correct Answer-they do not
- Mexican peso against the US dollar in 1994
- Argentine peso against the US dollar in 2002
- / 1
2, they are not sufficiently timely to make investment decisions
consistently presage turning points In 1994, the Mexican peso declined against the US dollar by 37% during the so-called Tequila Crisis. What exacerbating factor did Mexico's Tequila Crisis have in common with the Argentine crisis of 2002? - Correct Answer-both countries had large dollar- denominated debts What are 3 examples of failed pegs? - Correct Answer-1. British sterling against the Deutsch mark in 1992
What is an example of a failed peg? - Correct Answer-Hong Kong dollar aginst the US dollar in 1997