BMC KEY CONCEPTS AND REVISION
NOTES
◉ Here is the vicious deflationary cycle. What step connects the
lower left gray arrow to the upper right blue arrow? (B)
Answer: a)Workers demand pay increases
b)Prices decline
c)Employment declines
d)Workers expect prices to increase
◉ Were the two oil crises in the 1970s linked to deflation or
inflation? (C)
Answer: a)Deflation
b)Both deflation and inflation
c)Inflation
d)Neither deflation nor inflation
◉ On June 23, 2016, the United Kingdom voted to leave the
European Union...... (D)
Answer: a)They are probably heavy importers
b)Their CEOs probably voted to leave the EU
c)Their CEOs probably voted to remaining the EU
d)They are probably heavy exporters
, ◉ In the early 2016, the same Germany machinery company has
interest from four prospective clients from emerging markets:
Indonesia, Brazil, Russia, and South Africa..... (C)
Answer: a)South Africa
b)Russia
c)Indonesia
d)Brazil
◉ What is the difference between Nomura and RBC's estimate for
the Japanese yen/euro currency pair for the end of Q1 2018? (D)
Answer: a)40 percent
b)40 dollars
c)40 euros
d)40 yen
◉ Imagine you are a Dutch diamond dealer who sources
diamonds from South Africa...... (A)
Answer: a) EUR 4,717 more
b) EUR 4,717 fewer
c) ZAR 4,717 more
d) ZAR 4,717 fewer
◉ Why would Jack Welch suggest putting all company plants on
barges? (A)
NOTES
◉ Here is the vicious deflationary cycle. What step connects the
lower left gray arrow to the upper right blue arrow? (B)
Answer: a)Workers demand pay increases
b)Prices decline
c)Employment declines
d)Workers expect prices to increase
◉ Were the two oil crises in the 1970s linked to deflation or
inflation? (C)
Answer: a)Deflation
b)Both deflation and inflation
c)Inflation
d)Neither deflation nor inflation
◉ On June 23, 2016, the United Kingdom voted to leave the
European Union...... (D)
Answer: a)They are probably heavy importers
b)Their CEOs probably voted to leave the EU
c)Their CEOs probably voted to remaining the EU
d)They are probably heavy exporters
, ◉ In the early 2016, the same Germany machinery company has
interest from four prospective clients from emerging markets:
Indonesia, Brazil, Russia, and South Africa..... (C)
Answer: a)South Africa
b)Russia
c)Indonesia
d)Brazil
◉ What is the difference between Nomura and RBC's estimate for
the Japanese yen/euro currency pair for the end of Q1 2018? (D)
Answer: a)40 percent
b)40 dollars
c)40 euros
d)40 yen
◉ Imagine you are a Dutch diamond dealer who sources
diamonds from South Africa...... (A)
Answer: a) EUR 4,717 more
b) EUR 4,717 fewer
c) ZAR 4,717 more
d) ZAR 4,717 fewer
◉ Why would Jack Welch suggest putting all company plants on
barges? (A)
