6.3 Foreign Exchange rates

Quiz
•
Other, Social Studies
•
9th - 12th Grade
•
Medium
Standards-aligned
Dean Hoss
Used 72+ times
FREE Resource
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16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
Tags
CCSS.6.RP.A.3B
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
According to the table, what is the Euro equivalent of 1 USD?
1.32 Euros
0.53 Euros
.76 Euros
1.59 Euros
Tags
CCSS.6.RP.A.3B
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
According to the table, what is the USD equivalent of 1 Australian?
0.97 USD
1.32 USD
1.28 USD
1.03 USD
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is an exchange rate determined in the money market?
The forces of supply and demand
Government/the Federal Reserve Bank
Whatever sellers of goods are willing to take
Investors decide the value of the currency they wish to invest
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why do changing exchange rates help one country and hurt the other?
One side loses purchasing power and the other gains it
Takes money away from one side and gives it to the other
Causes war between the two countries
One country's government introduces tariffs to protect local industries
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of exchange rate system do most countries operate under?
Flexible
Floating
Fictitious
Fixed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between a fixed rate exchange system and a floating rate system?
Government sets rate vs market sets rate
Doesn't exist vs does exist
Never changing vs always changing
Currency never appreciates vs can appreciate
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