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IT6: Exchange rate, ER table, appreciation vs. depreciation

Last updated about 6 years ago

5 questions

1

1

1

1

1

Question 1

1.

The price of one nation's currency relative to another nation's currency is called

Arbitrage

Exchange rate

Depreciation

Foreign exchange market

Question 2

2.

In year 1, how many U.S. dollars would one British pound buy?

.49 dollars

1.17 dollars

1.44 dollars

2.06 dollars

Question 3

3.

In year 2, how many Mexican pesos would one U.S. dollar buy?

4.83 pesos

10.71 pesos

15.02 pesos

31.7 pesos

Question 4

4.

Between year 1 and year 2 did the U.S. dollar appreciate or depreciate relative to the Euro?

Appreciate

Depreciate

Neither

Question 5

5.

Which of the following groups benefits from a weak dollar?

U.S. tourists traveling abroad

Foreign tourists coming to the U.S.

U.S. exporters

U.S. importers

Foreign exporters

Foreign importers