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- 1. Multiple Choice
If the exchange rate is £1 = $1.25, what is $2250 equivalent to in £ pounds?
£1800
£2813
£2250
None of the answers
£1700
- 2. Multiple Choice
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
Use Google to find this answer. Approximately how much is £1 equal to in Chinese Yuan? Select closest answer.
8.7 Yuan
10 Yuan
9.5 Yuan
7.9 Yuan
- 4. Multiple Choice
Fill in the blank. The definition of an exchange rate is the price of one currency in terms of another __________.
Currency
Good
Cost
Interest rate
None of the answers
- 5. Multiple Choice
If £1 = €1.26 and £1 = $1.50, approximately how much does €1 equal in $ dollars?
$1.19
$1.11
$1.06
$1.29
- 6. Multiple Choice
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 more expensive and decrease
Exports to US will become cheaper and increase
Exports to US will stay the same
None of the answers
Exports to US will become cheaper and decrease
- 7. Multiple Choice
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
- 8. Multiple Choice
Select all of the following that will be impacted by a change in exchange rates:
Prices of exports
Costs of imports
Competiveness
None of the answers
- 9. Multiple Choice
Select all the following determinants that shift the supply and demand curves for exchange rates:
Tastes and preferences
Income
Price
Interest rates
None of the answers
- 10. Multiple Choice
If Chinese demand more US currency and sell their Yuan, which way will the supply curve shift?
Right
Left
Stay the same
None of the answers
- 11. Multiple Choice
If US businesses demand more Chinese currency, which way will the demand curve shift?
Right
Left
Stay the same
None of the answers
- 12. Multiple Choice
If the demand curve shifts to the right, what will happen to $/Y in the graph?
Appreciate
Depreciate
Stay the same
None of the answers
- 13. Multiple Choice
If the supply curve shifts to the right, what will happen to $/Y in the graph?
Appreciate
Depreciate
Stay the same
None of the answers
- 14. Multiple Choice
What is the currency of Japan? (Google if needed)
Yen
Yin
Yan
Yuan
None of the answers
- 15. Multiple Choice
If the equilibrium point is 7.14 Y per $1 on this graph, what will the equilibrium point on graph that shows $/Y?
$0.14/Y
$0.18/Y
$0.12/Y
$0.16/Y
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