Economics-Macroeconomics

Business

Quiz 9 :

The Exchange Rate and the Balance of Payments

Quiz 9 :

The Exchange Rate and the Balance of Payments

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By definition, currency depreciation occurs when the value of
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B

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When the U.S. dollar depreciates against the yen, the yen ________ and the exchange rate ________.
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C

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When Safeway supermarkets in the United States buys strawberries from Mexico
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B

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The term "foreign currency" refers to foreign I. coins II. notes III. bank deposits
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An increase in the value of a domestic currency in terms of other currencies is known as
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If portable disk players made in China are imported into the United States, the Chinese manufacturer is paid with
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Suppose the exchange rate of the U.S. dollar was 1.50 British pounds = $1.00 (U.S.) on Wednesday, and on the following Monday the exchange rate was $0.75 (U.S.) = 1.00 British pound. Which of the following best describes what happened between Wednesday and the following Monday?
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Last year the exchange rate between U.S. dollars and Mexican pesos was 10 pesos per dollar. Today is it 11 pesos per dollar. Here, the dollar ________ against the peso, and the peso ________ against the dollar
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Which of the following examples definitely illustrates an appreciation of the U.S. dollar?
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Which of the following examples definitely illustrates a depreciation of the U.S. dollar?
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The exchange rate is the
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The exchange rate is the price at which the ________ of one country exchanges for the ________ of another country.
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If the United States sells beef to Japan, the U.S. beef producer is paid with
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Which of the following statements is CORRECT? I. The exchange rate is a price. II. The exchange rate is different from other prices because it is NOT determined by supply and demand.
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Suppose that the exchange rate between the dollar and the peso changed from 6 pesos per dollar to 8 pesos per dollar. This change means that the
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When the value of one currency falls relative to another currency, the exchange rate for the first currency has
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When the U.S. dollar depreciates against the yen, the yen becomes ________ expensive and the U.S. exchange rate ________.
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A decrease in the value of a currency in terms of other currencies is known as
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Americans demand Japanese yen in order to
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If the dollar's value changes from 120 yen per dollar to 110 yen per dollar, the dollar has
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