A Chinese firm buys copper from Chile. What effect will this transaction have on the foreign exchange market?

Ch28. Exchange rate

Quiz
•
Social Studies
•
11th Grade
•
Easy
Bolortuya Munkhbayar
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
C
B
A
D
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A country’s exchange rate is initially 20 rupees = $1. Its firms sell a product in the USA for $20. Its domestic price stays the same, but the exchange rate changes to 25 rupees = $1. How much will the product now sell for in the USA?
A$16
B$18
C$24
D$25
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There is a fall in Norway’s exchange rate from 10 krona = US$1 to 15 krona = US$1. What must occur as a result of this change?
ANorwegian krona will become cheaper in terms of dollars.
BThe price level will fall in Norway.
CThe US dollar will be undervalued.
DUS imports from Norway will rise in price.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The diagram shows the exchange rate for Egyptian pounds in terms of dollars. The initial equilibrium is at X. What will be the new equilibrium position if Egypt experiences a higher inflation rate than the USA and if more Egyptians visit the USA as tourists?
D
B
A
C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The diagram shows the demand for and supply of dollars on the foreign exchange market. D and S are the initial demand and supply curves of the dollar ($). Which change would cause the demand curve to shift to D1 and the supply curve to S1?
Aa decrease in Japanese tariffs on US imports
Ba decrease in US interest rates
Can increase in Japanese incomes
Dan increase in the quality of US products
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A country experiences an appreciation of its floating exchange rate. Which combination of changes to the components of the current account of the balance of payments would have caused this?
Adecreaseincreaseunchangedincrease
Bincreasedecreaseincreaseunchanged
Cincreaseunchangedincreasedecrease
Dunchangeddecreaseincreasedecrease
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The price of a country’s imports decreases and its trade in goods and services deficit decreases. What could explain this?
Aexport revenue decreases
Bthe net inflow of profit increases
Cthe price elasticity of demand for imports is inelastic
Dworkers’ remittances out of the country decrease
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