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Balance of Payments and Exchange Rates · CSEC Economics

46 past-paper questions on Balance of Payments and Exchange Rates, part of Section 7: International Trade, from every CSEC Economics paper on Quelpr.

Practise Balance of Payments and Exchange Rates
  1. 2(d)6 marks· CSEC Economics · May/June 2007 · Paper 2With reference to a named country, discuss TWO reasons why a trade surplus may have negative effects on an economy.
  2. 7(b)3 marks· CSEC Economics · May/June 2008 · Paper 2List the component parts of the balance of payments.
  3. 7(c)8 marks· CSEC Economics · May/June 2008 · Paper 2Explain TWO measures that can be used to correct a balance of payments deficit.
  4. 7(d)5 marks· CSEC Economics · May/June 2008 · Paper 2Discuss TWO ways in which a rise in oil prices will affect the balance of payments of a non-oil producing economy.
  5. 4(c)4 marks· CSEC Economics · May/June 2009 · Paper 2Outline TWO factors that might cause a country to devalue its currency.
  6. 4(d)6 marks· CSEC Economics · May/June 2009 · Paper 2Discuss TWO consequences of a balance of payments deficit in your territory.
  7. 3(c)6 marks· CSEC Economics · May/June 2010 · Paper 2Discuss TWO problems that can arise with the balance of payments of non-oil-producing Caribbean countries as a result of rising oil prices.
  8. 3(d)4 marks· CSEC Economics · May/June 2010 · Paper 2Explain TWO ways in which devaluation can impact the small, open economies of the Caribbean.
  9. 4(b)3 marks· CSEC Economics · May/June 2011 · Paper 2List THREE factors that influence imports to a country.
  10. 4(c)6 marks· CSEC Economics · May/June 2011 · Paper 2Explain TWO factors that can affect the value of a floating exchange rate.
  11. 4(d)4 marks· CSEC Economics · May/June 2011 · Paper 2Distinguish between a 'managed exchange rate' and a 'fixed exchange rate'.
  12. 3(a)(ii)2 marks· CSEC Economics · May/June 2012 · Paper 2Define the term 'Balance of trade'.
  13. 3(c)(i)2 marks· CSEC Economics · May/June 2012 · Paper 2Calculate the balance of trade for the years 1990, 1991, 1992 and 1993.
  14. 3(c)(ii)4 marks· CSEC Economics · May/June 2012 · Paper 2Analyse the trend in the balance of trade from 1990 to 1993.
  15. 3(d)4 marks· CSEC Economics · May/June 2012 · Paper 2Explain TWO economic effects of an adverse balance of trade on a country.
  16. 6(c)8 marks· CSEC Economics · May/June 2012 · Paper 2Explain, with examples, TWO items that would be found in EACH of the following sections of the Balance of Payments Account: (i) Current Account (ii) Capital Account
  17. 6(d)(i)1 mark· CSEC Economics · May/June 2012 · Paper 2By what name will the transaction 'A St Lucian travels to France on holiday' be known in the Balance of Payments Account of St Lucia?
  18. 6(d)(ii)1 mark· CSEC Economics · May/June 2012 · Paper 2By what name will the transaction 'British visitors attend the 20/20 cricket match at the Beausejour Cricket Ground in St Lucia' be known in the Balance of Payments Account of St Lucia?
  19. 6(d)(iii)1 mark· CSEC Economics · May/June 2012 · Paper 2By what name will the transaction 'A St Lucian buys shares in Microsoft in the United States of America' be known in the Balance of Payments Account of St Lucia?
  20. 6(d)(iv)1 mark· CSEC Economics · May/June 2012 · Paper 2By what name will the transaction 'Vanguard Atlantic earns US…
  21. 6(d)(v)1 mark· CSEC Economics · May/June 2012 · Paper 2By what name will the transaction 'An American citizen sets up a company in the capital of St Lucia' be known in the Balance of Payments Account of St Lucia?
  22. 6(b)3 marks· CSEC Economics · May/June 2013 · Paper 2List THREE exchange rate regimes.
  23. 6(d)5 marks· CSEC Economics · May/June 2013 · Paper 2Discuss TWO causes of balance of payments deficits.
  24. 3(a)(i)2 marks· CSEC Economics · May/June 2014 · Paper 2Define the term 'exchange rate revaluation'.
  25. 3(a)(ii)2 marks· CSEC Economics · May/June 2014 · Paper 2Define the term 'managed exchange rate'.
  26. 3(c)6 marks· CSEC Economics · May/June 2014 · Paper 2Describe TWO disadvantages that may accrue to a Caribbean country moving from a fixed exchange rate to a floating exchange rate system.
  27. 3(d)4 marks· CSEC Economics · May/June 2014 · Paper 2Analyse ONE benefit of using devaluation to correct a balance of payments problem.
  28. 6(a)3 marks· CSEC Economics · May/June 2014 · Paper 2List THREE examples of transfers found in the current account section of the balance of payments.
  29. 6(b)(i)2 marks· CSEC Economics · May/June 2014 · Paper 2Define the term 'investment income' as it relates to a country's balance of payments account.
  30. 6(b)(ii)2 marks· CSEC Economics · May/June 2014 · Paper 2Define the term 'balance of payments disequilibrium'.
  31. 6(c)8 marks· CSEC Economics · May/June 2014 · Paper 2Explain TWO ways in which increases in the exchange rate of a country can affect the balance of payments account.
  32. 6(d)5 marks· CSEC Economics · May/June 2014 · Paper 2Calculate the current account balance for Country Z using the information provided in Table 4.
  33. 3(a)(ii)2 marks· CSEC Economics · May/June 2015 · Paper 2Define the term 'Balance of payments'.
  34. 3(b)1 mark· CSEC Economics · May/June 2015 · Paper 2Name ONE of the three MAIN parts of the balance of payments statement.
  35. 3(c)(i)3 marks· CSEC Economics · May/June 2015 · Paper 2An increase in international demand for the country's local products
  36. 3(c)(ii)3 marks· CSEC Economics · May/June 2015 · Paper 2An increase in local demand for imported goods
  37. 4(a)2 marks· CSEC Economics · May/June 2016 · Paper 2Define the term 'balance of payments'.
  38. 4(b)3 marks· CSEC Economics · May/June 2016 · Paper 2List THREE types of exchange rate regimes.
  39. 4(c)(i)4 marks· CSEC Economics · May/June 2016 · Paper 2Distinguish between 'investment income' and 'foreign direct investment'.
  40. 4(c)(ii)2 marks· CSEC Economics · May/June 2016 · Paper 2Indicate where 'investment income' and 'foreign direct investment' appear in the balance of payments accounts.
  41. 4(d)4 marks· CSEC Economics · May/June 2016 · Paper 2Explain TWO ways in which currency devaluation can improve a country's balance of payments deficit.
  42. 3(a)(i)2 marks· CSEC Economics · May/June 2017 · Paper 2Define the term 'Exchange rate devaluation'.
  43. 3(a)(ii)2 marks· CSEC Economics · May/June 2017 · Paper 2Define the term 'Floating exchange rate'.
  44. 3(c)6 marks· CSEC Economics · May/June 2017 · Paper 2Discuss TWO factors that can influence the level of the exchange rate in a country.
  45. 3(d)(i)1 mark· CSEC Economics · May/June 2017 · Paper 2State the name of the type of account in the balance of payments that shows the reduction in net exports.
  46. 3(d)(ii)3 marks· CSEC Economics · May/June 2017 · Paper 2Explain how devaluation can correct the disequilibrium in Caribville's balance of payments.

Related topics in Section 7: International Trade