CFA Practice Question

There are 341 practice questions for this study session.

CFA Practice Question

Which approach centers on changes in the prices of goods and services as the determinant of a country's balance of payments and the exchange value of its currency?

A. The elasticities approach
B. The absorption approach
C. The multiplier approach
Correct Answer: A

User Contributed Comments 3

User Comment
moneyguy Key word here is "changes" = elasticity
schweitzdm Changes in prices:
- regard elasticities

Changes in real domestic income:
- regard absorption
farhan92 RIP Tupac.
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