Business

12th

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Exchange Rates

33

13 questions

  • 1. Multiple Choice
    30 seconds
    1 pt

    What is an exchange rate?

    The rate at which goods are exchanged between two countries

    The price of one nation's currency in terms of another's

    How many US dollars you can exchange for RMB at Travelex

    The price of goods in terms of a foreign currency

  • 2. Multiple Choice
    1 minute
    1 pt
    Image

    According to the table, what is the Euro equivalent of 1 USD?

    1.32 Euros

    0.53 Euros

    .76 Euros

    1.59 Euros

  • 3. Multiple Choice
    30 seconds
    1 pt

    How is an exchange rate determined in the money market?

    The forces of supply and demand

    Government/the Federal Reserve Bank

    Whatever sellers of goods are willing to take

    Investors decide the value of the currency they wish to invest

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