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finance quiz part 2

Authored by raheem johnson

Business

1st Grade

Used 1+ times

finance quiz part 2
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10 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Define ideal currency

its purchasing power over goods and services in foreign

is the value of money

ideal currency is goods and services

ideal currency is the amount of money spend on goods and services daily

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which one these is a characteristic of ideal currency?

Durability

Efficiency

Limited quantity

Accessibility

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What are the golden rules of money?

Spend more than you earn.

Don't spend more than you earn

take multiple loans

spend uncessarily

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What weakens a currency?

when the demand of something goes down

When the demand of something go up

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What are the 3 major types of foreign exchange risks?

   Economic Risk, Operational Risk, Translation Risk

   Transaction Risk, Equilateral Risk, Translation Risk

   Transaction Risk, Economic Risk, Translation Risk

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Why is it important to protect foreign exchange risk? 

     It is not crucial as a company will operate well without it

      It is crucial for minimizing a company's exposure to significant exchange rate fluctuations that might negatively impact profit margins and asset values.

all of the above

7.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

How does foreign exchange risk affect business?

By changing the cost of supplies that are purchased from a different country

     Changing the attractiveness of their products to overseas customers.

A)      Both A & B

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