Exchange Rates
Quiz by Guerline Joseph
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20 questions
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- Q1A depreciation of a currency occurs when:The value of the currency fallsThe value of the currency increasesInflation fallsThe balance of payments improves30s
- Q2An appreciation of the currency is likely to occur ifDomestic interest rates fallThere is an increase in the balance of payments deficitThere is an increase in demand for importsThere is an increase in demand for exports30s
- Q3Which of the following is the national currency of Russia?RubleRealRupeeFranc30s
- Q4Switzerland uses the _______ as its currency.FrancRubleRupeeReal30s
- Q5Which of the following is most likely NOT a member of the exchange market?Bahamas Mortgage CorpFederal ReserveBank of The BahamasCommercial banks30s
- Q6The price of the dollar in terms of a foreign currency is considered a(n):appreciationindirect exchange ratedirect ratedepreciation30s
- Q7Brazil's national currency is thePesoDollarRealEuro30s
- Q8Today 1 euro can be purchased for $1.10. This is the ________ exchange rate.futureforwardspotfixed30s
- Q9In an agreement to exchange dollars for euros in three months at a price of $0.90 per euro, the price is the ________ exchange rate.spotfixedforwardfuture30s
- Q10When the value of the British pound changes from $1.25 to $1.50, thenthe pound has appreciated and the dollar has appreciated.the pound has appreciated and the dollar has depreciated.the pound has depreciated and the dollar has appreciated.the pound has depreciated and the dollar has depreciated.30s
- Q11Which market allows for the global exchange of currencies?NYSEFOREXBISXStock Market30s
- Q12Which currency is represented by the following symbol?EuroKuwait DinarBritish poundSwiss Franc30s
- Q13Which of the following is the largest stock exchange in the USA?BISXNYSEFOREXNASDAQ30s
- Q14The local stock market in the Bahamas is known as:The Bahamas Interim Securities MarketThe Bahamas International Stock ExchangeThe Bahamas Internal Stock & EquitiesThe Bahamas International Securities Exchange30s
- Q15The main bank in the USA is referred to as:Royal Bank of CanadaBank of AmericaThe Federal ReserveNovia Scotia30s
