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Quiz: Imports, Exports, and Exchange Rates

Authored by Collin Ludlow-Mattson

Social Studies

9th - 12th Grade

Used 1+ times

Quiz: Imports, Exports, and Exchange Rates
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a country have when its exports are greater than its imports?

Trade deficit

Trade surplus

Balance of payments

Currency depreciation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the U.S.'s most frequent trade partner in terms of total trade volume?

China

Canada

Mexico

Germany

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT included in the current account?

Import of cars

Export of music

Foreign aid

Purchase of U.S. stocks by foreigners

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when the U.S. dollar appreciates?

U.S. exports become cheaper

U.S. imports become cheaper

Foreign goods become more expensive

U.S. exports rise

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term refers to when a country’s central bank actively keeps the currency within a set range?

Floating exchange

Pegged currency

Market rate

Balance of trade

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one downside of free trade mentioned in the video?

Rising domestic prices

Job losses in specific industries

Decreased consumer choices

Lower total output

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might countries run trade deficits?

To lower inflation

To strengthen their currency

Because they consume more than they produce

To increase tariffs

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