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

Last updated over 6 years ago

5 questions

1

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

Arbitrage

Exchange rate

Depreciation

Foreign exchange market

.49 dollars

1.17 dollars

1.44 dollars

2.06 dollars

4.83 pesos

10.71 pesos

15.02 pesos

31.7 pesos

Appreciate

Depreciate

Neither

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

Arbitrage

Exchange rate

Depreciation

Foreign exchange market

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

.49 dollars

1.17 dollars

1.44 dollars

2.06 dollars

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

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

Appreciate

Depreciate

Neither

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