Currencies and Exchange Rates

Question 1

The chart below shows an exchange rate table.

Revolt · Accepted Answer

119

Question 2

Who decides which currency each country in the world uses?

Revolt · Accepted Answer

each individual country

Question 3

Which statements accurately describe a country’s currency? Select all that apply.The currency is easily divisible.The currency can be used in any other country.The currency has a value that can change.The currency has denominations.The currency has a value that must stay the same.

Revolt · Accepted Answer

The currency is easily divisible.; The currency has a value that can change.; The currency has denominations.

Question 4

The chart below shows an exchange rate table.

Revolt · Accepted Answer

less than a pound

Question 5

Which of these factors would strengthen demand for a nation’s currency on the international market? Select all that apply.

Question 6

Which factor plays a role in establishing the value of a country’s currency?

Revolt · Accepted Answer

supply and demand

Question 7

The chart below shows an exchange rate table.

Revolt · Accepted Answer

It would look different because exchange rate tables change constantly.

Question 8

The graph below shows the value of the US dollar versus the Canadian dollar.

Revolt · Accepted Answer

rising against the Canadian dollar.

Question 9

A currency shared by several countries in Europe is the.

Question 10

There would be no separation between one country’s economy and another’s if the entire world

Revolt · Accepted Answer

shared the same currency.

Currencies and Exchange Rates Answers

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