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foreign exchange

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

encompasses the national currency of the country

a)

foreign currency

b)

local currency

c)

national currency

d)

foreign exchange

2.

when people exchange their money for another currency

a)

foreign currency

b)

exchange rate

c)

foreign exchange

d)

money exchange

3.

exchange rate is...

a)

the price of one currency expressed to another

b)

the change in the value of one currency

c)

the price at which an exchange bureau will buy traveller's cheque's and notes, and cell currencies

4.

America's currency

a)

USAD

b)

USD

c)

EUR

d)

AUD

5.

which currency symbol is $

a)

dollar

b)

British pound

c)

yen

d)

Euro

6.

ISO code of South African Rands

a)

ZAR

b)

SAR

c)

RSA

d)

USA

7.

Which one is NOT the symbol of a currency?

a)

$

b)

£

c)

¥

d)

Ý

8.

direct exchange rate is how much one unit of foreign currency will give you in Rands.

a)

true

b)

false

9.

example of direct exchange rate

a)

R1= £0,077*

b)

£1= R13*

10.

example of indirect exchange rate

a)

R1= £0,077*

b)

£1= R13