University of Massachusetts, Lowell - FINA 061: Bloomberg Answers/. All 100%.
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Bloomberg Answers 8NQZRLYVD3 The Primacy of GDP Knowledge Check 1 • Inaccurately because the scope of GDP measurements can change. Knowledge Check 2 • It went down. Knowledge Check 3 • Sweden performed better. Knowledge Check 4 • Consumer spending accounts for two-thirds of the U.S. economy. When the number of unemployed consumers rises, there is less consumer spending. SECTION QUIZ 1. Here is a chart showing both nominal GDP growth and real GDP growth for a country. Which of the following can be a true statement at the time the chart was captured? 2. Which of the following lines is the best leading economic factor? a. 3. The “misery index” is often cited in the media as a way to measure consumer pain. It is defined as the inflation rate plus the unemployment rate. Review and identify the country with the highest “misery index.” 4. What typically happens to nonfarm payrolls, the PMI indicator, and housing starts at the onset of a recession in the United States? Monitoring GDP SECTION QUIZ 1. Which of the following qualities of economic indicators do investors prize the most? a. Timeliness of release. 2. Why is the release of GDP statistics less interesting to investors than the release of other economic indicators? 3. Which of the following important U.S. economic indicators is only available on a quarterly basis? 4. Which economic indicator is most directly linked to unemployment? Forecasting GDP Knowledge Check 1 • Above Expectations Knowledge Check 2 • Deceleration Knowledge Check 3 • Minimal Change SECTION QUIZ 1. These charts show data for four countries as of early 2016. For each country, the purple line denotes historic real GDP growth. The white line denotes the consensus estimated real GDP growth. The red line denotes the most pessimistic analyst forecast. The green line denotes the most optimistic analyst forecast. For which country is there the most controversy among the analyst community about 2016 growth? 2. What is the main reason that investment banks create estimates of economic indicators? 3. Which of the following is the biggest pitfall of economic indicators? 4. Here is a chart displaying estimates of the initial jobless claims indicator, one of the main unemployment statistics in the U.S. It measures the number of new applicants for unemployment benefits. What was the level of the analyst with the most optimistic outlook? Currency Market Mechanics Knowledge Check 1 Knowledge Check 2 Knowledge Check 3 SECTION QUIZ 1. Allison lives in America and has just retired. It is early 2016. She has long had dreams of cruising the fjords on the west coast of Norway, visiting Buckingham Palace in the United Kingdom, seeing the cherry blossoms in Japan, and going to the top of the Eiffel Tower in France. She last considered all four options on New Year’s Day 2008. She would like to select the trip to go on based on which country’s currency has subsequently weakened the most against the U.S. dollar. Where should she go on vacation? 2. Review the currency pair charts for the Barbadian dollar against the Jamaican dollar, the Czech koruna against the Polish zloty, the Nigerian naira against the Ghanaian cedi, and the Hong Kong dollar against the Macanese pataca. Which pair is pegged. 3. Which of the following is NOT an example of a failed peg? 4. Use the chart below to answer the question. How many Danish crowns (DKK) will buy 100 Japanese yet (JPY)? Currency Valuation Knowledge Check 1 Knowledge Check 2 Knowledge Check 3 • A surprise change in inflation expectations SECTION QUIZ 1. What does the Big Mac index show? 2. Which of the following are short-term drivers of currency valuation? 3. By what mechanism do interest rates affect currency values? 4. Which of these headlines could move a currency pair? Central Banks and Currencies SECTION QUIZ 1. What is the most common target inflation rate for an advanced economy? 2. What was the primary goal of Abenomics? 3. Here is the deflationary cycle. What steps connect the lower left gray arrow to the upper right blue arrow? 4. Were the two oil crises in the 1970s linked to deflation or inflation? Currency Risk Knowledge Check 1 • They are probably heavy exporters Knowledge Check 2 • Indonesia Knowledge Check 3 Knowledge Check 4 Knowledge Check 5 • EUR 4,717 more SECTION QUIZ 1. Why would Jack Welch suggest putting all company plants on barges? 2. Samsung is based in South Korea and reports in South Korean won. Samsung sells its products around the world and the geographic breakdown of its 2015 revenues is in the first chart. The other charts show how some major world currencies moved against the South Korean won through the course of 2015. Of the currencies shown, which currency movement boosted Samsung’s revenue growth the most? 3. Legendary investor Warren Buffet said, “Gold gets dug out of the ground… Then we melt it down, dig another hole, bury it again, and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.” Based on this quotation, what quality of gold is he