Exchange Rate

Exchange Rate

11th Grade

13 Qs

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Exchange Rate

Exchange Rate

Assessment

Quiz

Other

11th Grade

Practice Problem

Hard

Created by

Mariam Rehman

Used 23+ times

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The table gives the price of a paperback book as printed on its back cover.

What is needed to make a clear comparison of the price in the four countries?

consumer price indices

exchange rates

indirect tax rates

inflation rates

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would contribute to a fall in the value of the UK pound (£)?

a fall in interest rates in other countries

a rise in the number of foreign tourists visiting the UK

the removal of import tariffs by the USA

the value of UK imports increasing more than the value of UK exports

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by the depreciation of a currency?

a fall in its external value

a fall in its internal value

a rise in its external value

a rise in its internal value

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Two industries in Namibia are fishing and tourism. The value of the currency of Namibia fell in

2001.

If there were no other changes, what resulted from the fall?

Imported goods in Namibian shops became cheaper.

The price of Namibia’s fish sold in foreign markets became cheaper.

The volume of Namibia’s exports decreased.

Tourists were discouraged by higher prices in Namibia.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is not a main economic government objective?

a balance of payments deficit

economic growth

full employment

price stability

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

There was an increase in the value of the United States (US) dollar against the South African

Rand.

What is a result of this?

an increase in the number of exports from the US to South Africa

an increase in the number of imports to the US from South Africa

fewer people from the US spend holidays in South Africa

more people from South Africa spend holidays in the US

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which factor would cause a country’s exchange rate to fall?

demand for imports increase

domestic interest rates rise

domestic savings increase

more tourists visit the country

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