Foreign exchange

Foreign exchange

University

5 Qs

quiz-placeholder

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Foreign exchange

Foreign exchange

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Danna Chacon

Used 2+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a foreign currency?

To exchange one coin for another.

Exchange of money for product/service.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

"Foreign currencies are demanded by domestic households, firms, and governments"

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What determines the price of currencies?

The supply

The demand

The supply and demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Supply is the quantity of products/service that sellers are willing and able to sell in the market at a given price.

True

False

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

______ is the quantity of goods and services that are purchased by consumers at different prices.