AnswersGA-GSE Personal Finance and EconomicsCurrencies and Exchange Rates

Currencies and Exchange Rates Answers

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What has the president of Venezuela done by devaluating the bolivar?

A
allowed the exchange rate to be set by supply and demand
B
artificially increased the number of bolivars needed to buy one US dollar
C
artificially decreased the number of bolivars needed to buy one US dollar
D
allowed the exchange rate to remain unchanged for the near future
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What is the expected effect of the devaluation among Venezuela’s population?

A
rising inflation
B
price deflation
C
increased imports
D
declining inflation
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Oct. 2012 to Jan. 2013✔ Dec. 2012 to Jan. 2013 Jan. 2013 to Mar. 2013

A
Oct. 2012 to Jan. 2013
B
Dec. 2012 to Jan. 2013
C
X Jan. 2013 to Mar. 2013
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In October 2012, one US dollar could buy about [___] Canadian dollars.The exchange rate remained unchanged from [___].The US dollar grew stronger against the Canadian dollar from [___].

A
0.88
B
0.98
C
1.08

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