Currency and Exchange Rates

Currency and Exchange Rates

12th Grade

15 Qs

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Currency and Exchange Rates

Currency and Exchange Rates

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Barbara MacFarlane

Used 12+ times

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15 questions

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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 currency

The price of goods in terms of a foreign currency

When a nation's balance of trade is in either a surplus or deficit

2.

DROPDOWN QUESTION

1 min • 1 pt

Media Image

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

1 Euro
0.76 Euros
0.63 Euros
0.97 Euros

3.

DROPDOWN QUESTION

1 min • 1 pt

What is the increase in the value of a currency? (a)  

Exchange rate
Recession
Depreciation
Appreciation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean when an economist says a currency is stronger?

It can be exchanged for more of a lesser foreign currency

It can be converted to prices in any currency

There a few things it could buy

It will buy fewer foreign goods

5.

DROPDOWN QUESTION

1 min • 1 pt

What is a decrease in the value of a currency? (a)  

Appreciation
Depreciation
Inflation
Absolute advantage

6.

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 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

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