Exchange Rate

Exchange Rate

University

18 Qs

quiz-placeholder

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Exchange Rate

Exchange Rate

Assessment

Quiz

Other

University

Hard

Created by

nur nadhira

Used 63+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

If the exchange rate is £1 = $1.25, what is $2250 equivalent to in £ pounds?

£2813

£2250

£1800

None of the answers

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

If the exchange rate is £1 = $1.25, how much does $1 equal in £ pounds?

£0.80

£0.85

£0.75

£1.25

None of the answers

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

If £1 = €1.26 and £1 = $1.50, approximately how much does €1 equal in $ dollars?

$1.29

$1.06

$1.11

$1.19

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

You are a UK business that exports to the US market. If the £1 goes from being equal to $1.25 to $1.50, what will happen to your exports to the US?

Exports to US will become cheaper and increase

Exports to US will become more expensive and decrease

Exports to US will stay the same

Exports to US will become cheaper and decrease

None of the answers

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

You are a UK business that imports a lot of supplies from the US market. If the £1 goes from being equal to $1.25 to $1.50, what will happen to your imports from the US?

Imports from the US will be more expensive and decrease

Imports from the US will be cheaper and increase

Imports from the US will stay the same

None of the answers

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

If US businesses demand more Chinese currency, which way will the demand curve shift?

Right

Left

Stay the same

None of the answers

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

If the demand curve shifts to the right, what will happen to $/Y in the graph?

Depreciate

Appreciate

Stay the same

None of the answers

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