FINA 061 Bloomberg Concept Exam 2 Questions And Answers Updated 2023.

FINA 061 Bloomberg Concept Exam 2 Questions And Answers Updated 2023. Which of the following qualities of economic indicators do investors prize the most? Correct Ans - timeliness of release Why is the release of GDP statistics less interesting to investors than the release of other economic indicators? Correct Ans - because GPD statistics are released well after other economic indicators Which of the following important US economic indicators is only available on a quarterly basis? Correct Ans - GDP Which economic indicator is most directly linked to unemployment? Correct Ans - nonfarm payrolls How accurately do GDP statistics portray the economy and why? Correct Ans - inaccurately because the scope of GDP measurements can change Which of the following lines is the best leading economic indicator? Correct Ans - PMI What typically happens to nonfarm payrolls, the PMI indicator, and housing starts at the onset of a recession in the United States? Correct Ans - Nonfarm payrolls go down, the PMI indicator goes DOWN, the housing starts goes down. How have economic forecasts for this country (US) evolved? Correct Ans - minimal change What is the main reason that investment banks create estimates of economic indicators? Correct Ans - To know when specific economic data points are a positive or negative surprise Which of the following is the biggest pitfall of economic indicators? Correct Ans - They do not consistently presage turning points Which country is the fourth biggest importer and exporter? Correct Ans - Japan Which of the following is not an example of a failed peg? Correct Ans - Hong Kong dollar against the U.S. dollar in 1997. What generally happens when a central bank unexpectedly increases interest rates? Correct Ans - The currency strengthens.