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CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 93 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 93
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]

Which of the following will result in an increase in demand for domestic currency?

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Suggested Answer: B

by Karina at Jul 18, 2024, 10:09 PM

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Alishia
2 months ago
Haha, I'd have to disagree with Melynda there. Imports decreasing demand for the domestic currency? That's like saying the sky is green!
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Sabina
24 days ago
User 3: User Comment: Haha, I'd have to disagree with Melynda there. Imports decreasing demand for the domestic currency? That's like saying the sky is green!
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Mona
29 days ago
User 2: B) A rise in imports.
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Mattie
1 months ago
User 1: A) An increase in exports.
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Melynda
3 months ago
B) A rise in imports? Really? Wouldn't that actually decrease demand for the domestic currency as more of it is used to purchase foreign goods?
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Francesco
1 months ago
C) More domestic companies invest abroad.
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Francesco
2 months ago
A) An increase in exports.
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Latrice
3 months ago
I'm leaning towards D) Outward financial flows. When money flows out of the country, it creates more demand for the domestic currency to facilitate those transactions.
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Barney
3 months ago
But what about C) More domestic companies invest abroad? Wouldn't that decrease demand for domestic currency?
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Deja
3 months ago
A) An increase in exports seems like the right answer to me. That would boost demand for the domestic currency as foreigners need to purchase it to pay for the exports.
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Leatha
1 months ago
User 4: Definitely, it would lead to an increase in demand for domestic currency.
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Staci
1 months ago
User 3: That makes sense, more foreigners needing to buy our currency for exports.
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Samira
1 months ago
User 2: I agree, when exports increase, demand for domestic currency goes up.
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Roy
2 months ago
User 1: I think A) An increase in exports is the correct answer.
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Craig
3 months ago
I agree with Tricia, because when exports increase, foreign buyers need to buy domestic currency to pay for the goods.
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Tricia
3 months ago
I think A) An increase in exports will increase demand for domestic currency.
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