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BAIB3004 Week 9 24/25

Authored by Rita Gao

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University

Used 2+ times

BAIB3004 Week 9 24/25
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does an exchange rate allow consumers to do?

Compare the prices of goods in different countries

Set interest rates

Determine the quality of products

Calculate taxes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a car costs $44,000 in the US and ¥2,500,000 in Japan, what additional information is needed to compare their prices?

The colour of the car

The exchange rate between dollars and yen

The shipping cost

The size of the car

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In direct (or “British”) terms, how is the exchange rate quoted?

Foreign currency units per pound

Pounds per foreign currency unit

Dollars per yen

Yen per dollar

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an indirect (or “Japanese”) exchange rate quotation?

Pounds per foreign currency unit

Foreign currency units per dollar

Dollars per pound

Euros per yen

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the exchange rate is 150 yen per dollar, how many dollars is ¥2,500,000?

$16,666.67

$25,000

$18,500

$20,000

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the dollar appreciates against the yen, what happens to the price of American cars in Japan?

They become cheaper for Japanese consumers

They become more expensive for Japanese consumers

The price remains the same

They are banned from sale

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary difference between spot exchange rates and forward exchange rates?

Spot rates are fixed, forward rates fluctuate

Spot rates apply to immediate currency exchange, forward rates apply to future transactions

Forward rates are always higher than spot rates

Spot rates are used only by governments

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