Exchange Rate Quiz
Authored by Andrew Walsh
Business
12th Grade
Used 1+ times
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14 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is an exchange rate?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is an effective exchange rate?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the main exchange rate systems?
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4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following describes a free-floating currency?
The external value of a currency depends wholly on market forces of supply and demand – there is no central bank intervention.
The central bank may choose to intervene in the foreign exchange markets to affect the value of a currency to meet specific macroeconomic objectives.
A hard currency peg either as part of a currency board system or membership of the ERM Mark II for those EU countries eventually intending to join the Euro.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following describes a managed-floating currency?
The external value of a currency depends wholly on market forces of supply and demand – there is no central bank intervention.
The central bank may choose to intervene in the foreign exchange markets to affect the value of a currency to meet specific macroeconomic objectives.
A hard currency peg either as part of a currency board system or membership of the ERM Mark II for those EU countries eventually intending to join the Euro.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following describes a fixed exchange rate system?
The external value of a currency depends wholly on market forces of supply and demand – there is no central bank intervention.
The central bank may choose to intervene in the foreign exchange markets to affect the value of a currency to meet specific macroeconomic objectives.
A hard currency peg either as part of a currency board system or membership of the ERM Mark II for those EU countries eventually intending to join the Euro.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is depreciation in terms of exchange rates?
A fall in the value of a currency in a floating exchange rate system.
A fall in the value of a currency in a fixed exchange rate system.
A rise in the value of a currency in a floating exchange rate system.
A rise in the value of a currency in a fixed exchange rate system.
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