Based on the two articles that covered Turkey's economy, which one of the following is safe to claim?

Turkey has an independent central bank.

Question 2 options:

a)

Depreciation of Turkish Lira by 7.5% overnight after the removal of chief of central bank is a sign of foreign investors' lack of confidence on the Turkish government and economy.

b)

Capital outflow should not be a concern for the country as Turkey does not have a current account deficit and did not have such a problem in 2020.

c)

Decreasing interest rates is a way to defend the currency as it will prevent against capital outflow.

d)

Turkey has an independent central bank.

Which one of the following is wrong about gold?

Question 4 options:

a)

It is hard to claim that it is a safe haven as gold is positively correlated with S&P500.

b)

If Fed does not increase the rates but inflation gets higher and long-lasting, the gold prices are likely to increase.

c)

Gold prices decreased significantly since 2018 till last summer.

d)

Lavish stimulus spending by central banks and governments was expected to cause an increase in gold prices.

Which one of the following is wrong based on the article, titled "Is Inflation a Risk?"

Question 5 options:

a)

One of the benefits of inflation targeting is that companies and workers do not build higher inflation into their behavior.

b)

Weak consumer demand expected for the near future may dampen businesses' pricing power.

c)

Lower inflation rates lead to lower interest rates which leaves less room for FED to cut the rates in the case of recessions.

d)

Lower unemployment rates is inflationary as cost pressures build.

Which one of the following is correct about OPEC and OPEC+?

Question 6 options:

a)

Russia is a member of OPEC.

b)

OPEC+ includes countries big oil importers.

c)

Saudi Arabia is the de facto leader of OPEC.

d)

OPEC stands for Oil Producing and Exporting Countries.

Which one is the correct about the most recent decision of OPEC+ about oil production and its reasons?

Question 7 options:

a)

They cut the production due to global demand and value of Dollar.

b)

They increased the production due to global demand and closure of Suez Canal.

c)

They cut the production due to supply problems and closure of Suez Canal.

d)

They increased the production due to value of dollar and Suez Canal.

Which one of the following is not a disadvantage of dollarization?

Question 13 options:

a)

Loss of sovereignty over monetary policy

b)

Loss of power of seigniorage

c)

Central banks serve as the lender of last resort

d)

One time cost of converting prices