Topic 3

23問 • 1年前

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________________ is a summary of the economic transactions of a country with the rest of the world, for a specific time period.

Balance of Payments (BOP)

It serves as an accounting statement on the economic dealings between residents and nonresidents of the country.

Balance of Payments (BOP)

BOP : It is compiled __________ but with a __________ breakdown. It is released to the public electronically via the _______ website or in the form of hard copies about ________ after the reference ________ accompanied by a press release.

quarterly, monthly, BSP, 12 weeks, quarter

_______ is one of the most important tools for national and international policy formulation as countries have increasingly become interdependent.

Balance of Payments (BOP)

The BOP is one of the most important tools for national and international policy formulation as countries have _____________ become _____________. ______________ are guided by the sources of imbalances as presented in the BOP and therefore become better equipped in determining and implementing adjustment measures. National development programs could be directed to _________ competitiveness in the global market for local products and/or develop new industries that will produce _______ substitutes.

increasingly, interdependent, Policy-makers, increase, import

Economic transactions are grouped into two major categories; (I) _____________ , and (2) _______________ account.

current, capital and financial

The overall BOP position is a summary measure of the performance of the country’s ____________ transactions. This can be estimated using two approaches: 1. Current Account Balance + Capital and Financial Account Balance; or 2.Change in Net International Reserves due to transactions (change in reserve assets )

external

_______________ (or errors and omissions) is an offsetting account to bring above the line and below the line into balance.

Net Unclassified Items

______________ arises because data sources are inadequate or inconsistent with one another in terms of coverage and time of recording.

Discrepancy

Discrepancy arises because data sources are _____________ or _____________ with one another in terms of coverage and time of recording.

inadequate, inconsistent

A ___________ discrepancy or Net Unclassified Items denotes an ___________ of receipts and/or an ____________ of payments. Conversely, a __________ entry denotes an ___________ of receipts and/or ____________ of payments.

positive, understatement, overstatement, negative, overstatement, understatement

Overall BOP Position 1. __________ inflows greater than outflows 2. __________ outflows exceed inflows 3. ___________ inflows and outflows are equally matched.

Surplus, Deficit, In-Balance

________ = money coming in (inflow) ________ = money coming out (outflow)

Credit, Debit

Used of BOP 1. 2.

National Planning, Impact on Economic Development

______ is tasked to compile, analyze and publish developments in country’s BOP.

BSP

_____________ report provides vital information to citizen and policy makers for economic analysis, forecasting, and policy formulation.

Balance of Payments

____________ is the portion of a country's debt that is borrowed from foreign lenders, including commercial banks, governments, or international financial institutions.

External Debt

_____________, including interest must usually be paid in the currency in which the loan was made. To earn the needed currency, the _________ country may sell and export goods to the __________ country.

External Debt, borrowing, lending

A debt crisis can occur if a country with a ______ economy is ____ able to repay the _______ debt due to an _________ to produce and sell goods and make a profitable return.

weak, not, external, inability

________ is one of the agencies that keeps track of countries' external debt.

IMF

The __________ publishes a quarterly report on external debt statistics.

World Bank

The World Bank publishes a __________ report on external debt statistics.

quarterly

If a nation is _______ or _________ to repay its external debt, it is said to be in sovereign default. This can lead to the lenders withholding future releases of assets that might be needed by the borrowing nation. Such instances can have a rolling effect. The borrower’s currency may collapse, and the nation’s overall economic growth will stall.

unable, refuses

Topic 1

Mikyii · 67問 · 1年前

Topic 1