Exchange rate

Exchange rate

Multiple Choice

According to the table, what is the Euro equivalent of 1 USD?

• 1.32 Euros

• 0.53 Euros

• .76 Euros

• 1.59 Euros

Multiple Choice

What is an exchange rate?

• The rate at which goods are exchanged between two countries

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

• How many US dollars you can exchange for RMB at Travelex

• The price of goods in terms of a foreign currency

Multiple Choice

An increase in the value of a country’s currency in a fixed exchange rate system.

• speculation

• fixed exchange rate

• devaluation

• revaluation

Multiple Choice

A decrease in the value of a country’s currency in a fixed exchange rate system.

• speculation

• fixed exchange rate

• devaluation

• revaluation

Multiple Choice

A decrease in the value of a country’s currency in a fixed exchange rate system.

• speculation

• fixed exchange rate

• devaluation

• revaluation

Multiple Choice

the rate which is determined by the govt. is known as-

• fixed exchange rate

• floating exchange rate

Multiple Choice

What type of exchange rate system do most countries operate under?

• Flexible

• Floating

• Fictitious

• Fixed

Multiple Choice

What type of exchange rate system do most countries operate under?

• Flexible

• Floating

• Fictitious

• Fixed