
International Quiz 2023
Quiz
•
Social Studies
•
12th Grade
•
Medium
Jana Lane
Used 16+ times
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22 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's
How many US dollars you can exchange for RMB at Travelex
The price of goods in terms of a foreign currency
2.
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
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the US $ were to appreciate in relation to the Euro, what effect would this have?
European consumers would have more purchasing power in US
US consumers can buy more European goods and services for fewer $$
US consumers can buy more English goods and services for fewer $$
European tourists to the US will spend less$$
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the Mexican Peso depreciates in relation to the Chinese Yuan, how is Mexico affected?
Mexico has less purchasing power in Chinese currency
Mexico benefits from increased purchasing power
Mexico would have more Chinese investors
They would be invaded by China
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the US$ depreciates compared to another currency
Exporters from the US can make more money because the goods were cheaper
increase the foreign price of US exports.
reduce the price of US imports.
reduce US inflation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A new tax is added to pharmaceutical imports from the United Kingdom.
tariff
quota
embargo
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Germany places a block on all imports from Sri Lanka
tariff
quota
embargo
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