Understanding Floating Exchange Rates and Trade Imbalances
Interactive Video
•
Mia Campbell
•
Business
•
9th - 12th Grade
•
Hard
04:06
10 questions
Show answers
1.
Multiple Choice
What is the assumed exchange rate between the Chinese Yuan and the US Dollar in the example?
5 Yuan per 1 US Dollar
7 Yuan per 1 US Dollar
6 Yuan per 1 US Dollar
8 Yuan per 1 US Dollar
2.
Multiple Choice
What product is China exporting to the United States in the example?
Televisions
Refrigerators
Microwaves
Washing Machines
3.
Multiple Choice
How many units of software does the US export to China at 60 Yuan per unit?
2 million units
1.5 million units
1 million units
2.5 million units
4.
Multiple Choice
What is the total revenue in US Dollars for the Chinese manufacturer selling microwaves?
$50 million
$45 million
$55 million
$40 million
5.
Multiple Choice
How much revenue in Yuan does the US manufacturer earn from selling software?
110 million Yuan
130 million Yuan
120 million Yuan
100 million Yuan
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