FINA 061 Bloomberg Concept Questions and answers solved 2023

FINA 061 Bloomberg Concept Questions and answers solved 2023 Which of the following qualities of economic indicators do investors prize the most? - ANS timeliness of release Why is the release of GDP statistics less interesting to investors than the release of other economic indicators? - 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? - ANS GDP Which economic indicator is most directly linked to unemployment? - ANS nonfarm payrolls How accurately do GDP statistics portray the economy and why? - ANS inaccurately because the scope of GDP measurements can change Which of the following lines is the best leading economic indicator? - ANS PMI What typically happens to nonfarm payrolls, the PMI indicator, and housing starts at the onset of a recession in the United States? - ANS Nonfarm payrolls go down, the PMI indicator goes DOWN, the housing starts goes down. How have economic forecasts for this country (US) evolved? - ANS minimal change What is the main reason that investment banks create estimates of economic indicators? - 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? - ANS They do not consistently presage turning points Which country is the fourth biggest importer and exporter? - ANS Japan Which of the following is not an example of a failed peg? - ANS Hong Kong dollar against the U.S. dollar in 1997. What generally happens when a central bank unexpectedly increases interest rates? - ANS The currency strengthens. Which driver weakened the Swiss franc?