Exchange Rate Quiz

What is the exchange rate?

• The value at which one currency may be converted into another

• The rate at which money dealers sell foreign currency

• The rate at which one country's currency is exchanged for another

• The rate at which money dealers buy foreign currency

What factors influence the exchange rate?

• The rate at which money dealers buy foreign currency

• The value of one country's currency in terms of another currency

• Interest rates, inflation, and the state of politics and the economy

• The rate at which money dealers sell foreign currency

What does the spot exchange rate refer to?

• The rate at which money dealers sell foreign currency

• The rate at which money dealers buy foreign currency

• An exchange rate quoted and traded today for future delivery

• The current exchange rate

What is the buying rate in the retail currency exchange market?

• The current exchange rate

• An exchange rate quoted and traded today for future delivery

• The rate at which money dealers will buy foreign currency

• The rate at which money dealers sell foreign currency

What is the selling rate in the retail currency exchange market?

• The rate at which money dealers will buy foreign currency

• The rate at which money dealers sell foreign currency

• An exchange rate quoted and traded today for future delivery

• The current exchange rate