Select the best answer to each of the following 15 multiple choice questions. Show all work on the problems. Please do not leave the room until you have finished your exam. 4 points cach According to the 2019 BIS Triennial survey, daily foreign currency trading averaged and the currency pairing that constitutes the majority of currency trades worldwide is the A) 5.9 trillion Euro/Pound Sterling trade 6.6 trillion; Yuan/Dollar trade. 6.6 trillion Dollar Euro trade 6.6 trillion Dollar/Pound Sterling trade. 5.9 trillion Dollar/Euro trade. D) E) Countries in the EURO have made policy choices that have A) agreed to use a fixed exchange rate (exchange rate stability, allowed individual control of its own money supply (monetary independence), but gave up the free movement of capital in and out of its economy (financial integration). B) allowed the free movement of capital in and out of its economy (financial integration). agreed to use a managed exchange rate (exchange rate stability), but gave up individual control of its own money supply (monetary independence). gained control over its own money supply (monetary independence), allowed the free movement of capital in and out of its economy (financial integration), but gave up exchange rate stability. none of the above D) Which of the following is a part of the Financial Account of BOP? A) net portfolio investment net export/import of services C) net export/import of goods D) balance of trade B) A) Consider the following: A European auto mobile company builds a manufacturing plant in Texas and a US automobile company builds a manufacturing plant in Mexico. The auto manufacturer in engaging in direct investment, and the European investor are engaged in portfolio investing. B) The auto manufacturer in engaging in portfolio investment, and the European investors are engaged in direct investing. C) Both activities would be considered direct investment. Both activities would be considered portfolio investment. D) B) China today is a clear example of a nation that has chosen the following policies EXCEPT: A) restrict the flow of capital into and out of the country control and manage the value of its currency conduct an independent monetary policy full financial integration in an attempt to stimulate its domestic economy