Hi,

Could you please help me answer the 4 questions below? I need the correct answer, and if possible, a brief explanation. Thanks very much :)

Question 23 Which of the following is a current account rather than a capital account activity? Select one: A. Net portfolio investment. B. Net import/export of services. C. None of them. All of the above are activities of a capital account. D. Net borrowings/lendings from/to abroad. Question 24 The foreign exchange market offers: Select one: A. all of the above. B. the physical location where transactions are completed with the transfer of gold from one party to the other. C. the place where governments can borrow money. D. the physical and institutional structure through which the money of one country is exchanged for another.Question 25 Foreign exchange earn a profit by a bid-ask spread on currencies they trade and from speculative proprietary trading; whilst foreign exchange_ seek to earn a profit from the difference between the rates at which they buy and sell currencies. Select one: A. speculators and arbitragers; brokers B. brokers; speculators and arbitragers C. speculators and arbitragers; bank dealers D. bank dealers; speculators and arbitragers Question 26 "Overshooting" exchange rate changes in response to an action of a central bank would be an example of: Select one: A. purchasing power theory. B. the Fisher Effect. C. none of the above. D. market efficiency