Converting currency terms
Quiz by Ashley Sanelli
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7 questions
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- Q1What does the exchange rate tell you?The opposite of currency depreciationThe fair deal of trading toysHow much your money can get in another countryHow many candies your game card is worthThe price tag of toys30s
- Q2What is currency depreciation?The price tag of toysA fair deal of trading toysWhen your game card (money) can buy fewer treatsHow much your money can get in another countryWhen your game card (money) can buy more goodies30s
- Q3What does the par selling rate indicate?When your game card (money) can buy more goodiesThe price tag of toysWhen your game card (money) can buy fewer treatsEverything costs the same in both placesHow much your money can get in another country30s
- Q4What is currency appreciation?When your game card (money) can buy fewer treatsHow much your money can get in another countryWhen your money can buy more goodiesWhen your game card (money) can buy the same amount of goodiesThe price tag of toys30s
- Q5What happens during currency depreciation?Your game card (money) can buy more goodiesYour game card (money) can buy fewer treatsEverything costs the same in both placesYour game card (money) can buy the same amount of treatsThe price tag of toys decreases30s
- Q6What is the purpose of converting currency?To determine the value of one currency in relation to anotherTo determine the value of goods in a countryTo buy more toysTo make international trade fairTo reduce currency depreciation30s
- Q7What does it mean when a currency appreciates?Your money can buy the same amount of goodiesEverything costs the same in both placesYour money can buy more goodiesThe price tag of toys increasesYour money can buy fewer treats30s