AP Macro Unit 6: International Trade and Finance Quiz

AP Macro Unit 6: International Trade and Finance Quiz

12th Grade

26 Qs

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AP Macro Unit 6: International Trade and Finance Quiz

AP Macro Unit 6: International Trade and Finance Quiz

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Richard Casterline III

Used 1+ times

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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the function of the foreign exchange market?

It determines the price of goods in international trade.

It facilitates the conversion of one currency into another.

It regulates international trade agreements.

It sets interest rates for international loans.

It manages the global supply of money.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary component of the current account in the balance of payments?

Foreign direct investment

Portfolio investment

Trade balance

Official reserves

Capital transfers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do tariffs generally affect domestic consumers?

They decrease the price of imported goods.

They increase the variety of goods available.

They increase the price of imported goods.

They have no effect on domestic prices.

They decrease domestic production costs.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a likely consequence of a country experiencing a depreciation of its currency?

Exports become more expensive for foreign buyers.

Imports become cheaper for domestic consumers.

The trade deficit is likely to increase.

Exports become cheaper for foreign buyers.

Domestic inflation decreases.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best explains the impact of quotas on international trade?

Quotas increase the supply of foreign goods in the domestic market.

Quotas limit the quantity of foreign goods that can be imported.

Quotas reduce the cost of foreign goods.

Quotas have no impact on domestic producers.

Quotas increase the demand for foreign goods.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect of an increase in interest rates on the foreign exchange market?

It leads to a depreciation of the domestic currency.

It has no effect on currency value.

It leads to an appreciation of the domestic currency.

It decreases foreign investment in the domestic market.

It increases the supply of foreign currency.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a component of the capital account in the balance of payments?

Trade in goods and services

Income from investments

Foreign direct investment

Remittances

Official development assistance

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