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The Global Monetary System

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12 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    The main function of the foreign exchange market

    Save the money of a country

    convert the currency of one country into the currency of another

    don't contribute insurance against foreign exchange risk.

  • 2. Multiple Choice
    30 seconds
    1 pt

    What is the exchange rate?

    When the market converts one currency into another.

    Saving the money in another country

    Which the prices of goods and services are quoted

    The short-term movement of funds from one currency to another

  • 3. Multiple Choice
    45 seconds
    1 pt

    What is the Spot exchange rates?

    An agreement between two parties to exchange the principal amount of a loan and the interest in one currency for the principal and interest in another currency.

    Two parties agree to exchange currency and execute the deal at some specific date in the future.

    Agreement between two parties to exchange currency immediately.

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