IBI101 - Foreign Exchange Market

IBI101 - Foreign Exchange Market

University

15 Qs

quiz-placeholder

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IBI101 - Foreign Exchange Market

IBI101 - Foreign Exchange Market

Assessment

Quiz

Social Studies

University

Medium

Created by

Cao HN)

Used 56+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The rate at which one currency is converted into another is known as the fluctuation rate.

True

False

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When a tourist goes to a bank in a foreign country to convert money into the local

currency, the exchange rate used is the forward rate.

True

False

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

To minimize the risk of an unanticipated change in exchange rates, a company can

protect itself by entering into a forward exchange contract.

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The _____ helps us to compare the relative prices of goods and services in different countries.

interest rate

exchange rate

GDP growth rate

tariff rate

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The short-term movement of funds from one currency to another in the hopes of

profiting from shifts in exchange rates is known as:

currency speculation

currency arbitrage

currency hedge

currency risk mitigation

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

_____ are exchange rates governing some specific future date foreign exchange

transactions.

spot exchange rates

forward exchange rates

future exchange rates

currency swaps

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The _____ states that in competitive markets free of transportation costs and barriers to trade, identical products sold in different countries must sell for the same price when their price is expressed in terms of the same currency.

rational price theory

model of fair pricing

principle of consistent price

law of one price

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