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Trade, Currency, and Exchange Rate Test

Authored by Rosalba Jasso

Social Studies

12th Grade

Used 3+ times

Trade, Currency, and Exchange Rate Test
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Sending goods to another country to sell.

import

export

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Bringing goods in from another country to sell.

import

export

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The development of a worldwide economy where resources flow fairly freely across borders.

Globalization

Economy

GDP

Economic Independence

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some negatives of globalization?

Workers are exploited in sweatshops

Pollution and deforestation

Low wages for factory workers in Asia and Africa

All of the answers are correct

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A three-country trade agreement negotiated by the governments of Canada, Mexico, and the United States that took effect in 1989.

The UN

NAFTA

NATO

IMF

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Price of one currency in relation to other currencies in the international exchange market is known as:

Equilibrium rate

Fixed exchange rate

Exchange rate

Flexible exchange rate

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The rate which is determined by the government is known as :

Flexible exchange rate

Fixed exchange rate

Floating exchange rate

None of these

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