Econ Unit 4 Review

Front

What is an exchange rate?

Back

The price of one nation's currency in terms of another's.

Front

If the US $ were to appreciate in relation to the Euro, what effect would this have? Options: US consumers can buy more European goods and services for more $$$, European consumers would have more purchasing power in US, European tourists to the US will spend more $$, US consumers can buy more English goods and services for fewer $$

Back

US consumers can buy more English goods and services for fewer $$

Front

If the US is currently experiencing inflation, what will happen to the value of its currency?

Back

It will likely depreciate.

Front

What might cause the value of the U.S. dollar to appreciate in relationship to the euro?

Back

Increased demand for U.S. products in Europe.

Front

One advantage of a weak dollar is that... ?

Back

American exports increase.

Front

What must first take place in order for one country to trade with another?

Back

Exchange currency for the currency accepted by the trading country.

Front

Stacy traveled to Mexico and took $100 in U.S. currency. Based on the given info, she received about how many pesos after currency exchange?

Back

1,034 pesos

Front

What is an exchange rate?

Back

The price of one nation's currency in terms of another's

Front

What is the value of a nations currency in relation to a foreign country?

Back

Exchange Rate

Front

You are on a trip to Germany. You swap your dollars for Euros. Why exchange currency?

Back

To buy or sell goods in Germany; they won't take dollars.