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Currencies and Exchange Rates Answers

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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 .

Answers:
Selection 1:0.98
Selection 2:Dec. 2012 to Jan. 2013
Selection 3:Jan. 2013 to Mar. 2013
2
Free Preview

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
3

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
Jan. 2013 to Mar. 2013
4

For this table, the reference currency is the [___] .The exchange rate of the euro to the US dollar and most other currencies is determined by [___] .According to the chart, one euro would buy [___] Swiss francs.It would cost [___] US dollars to buy one euro

A
0.84
B
1.21
C
1.28
5

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
6

What is the expected effect of the devaluation among Venezuela’s population?

A
rising inflation
B
price deflation
C
increased imports
D
declining inflation
7

What is a currency exchange rate?

A
the money returned when a person overpays
B
the amount of a currency needed to account for a rise in inflation
C
the value of one currency in relation to another
D
a series of currency fluctuations over a period of time
8

Question text not available

Answers:
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 .:0.98
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 .:Dec. 2012 to Jan. 2013
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 .:Jan. 2013 to Mar. 2013
9

For this table, the reference currency is the .The exchange rate of the euro to the US dollar and most other currencies is determined by .According to the chart, one euro would buy Swiss francs.It would cost US dollars to buy one euro

Answers:
Selection 1:euro
Selection 2:supply and demand
Selection 3:1.2149
Selection 4:1.28
10

For this table, the reference currency is the [___] .The exchange rate of the euro to the US dollar and most other currencies is determined by [___] .According to the chart, one euro would buy [___] Swiss francs.It would cost [___] US dollars to buy one euro

A
supply and demand
B
government laws
11

For this table, the reference currency is the [___] .The exchange rate of the euro to the US dollar and most other currencies is determined by [___] .According to the chart, one euro would buy [___] Swiss francs.It would cost [___] US dollars to buy one euro

A
1.301
B
1.2149
C
1.2839
12

What is a currency exchange rate?

A
the money returned when a person overpays
B
the amount of a currency needed to account for a rise in inflation
C
the value of one currency in relation to another
D
a series of currency fluctuations over a period of time
13

US dollar✔ euroBritish pound

Answers:
For this table, the reference currency is the .The exchange rate of the euro to the US dollar and most other currencies is determined by .According to the chart, one euro would buy Swiss francs.It wou:euro
For this table, the reference currency is the .The exchange rate of the euro to the US dollar and most other currencies is determined by .According to the chart, one euro would buy Swiss francs.It wou:supply and demand
For this table, the reference currency is the .The exchange rate of the euro to the US dollar and most other currencies is determined by .According to the chart, one euro would buy Swiss francs.It wou:1.2149
For this table, the reference currency is the .The exchange rate of the euro to the US dollar and most other currencies is determined by .According to the chart, one euro would buy Swiss francs.It wou:1.28
14

✔ supply and demandgovernment laws

A
✔ supply and demand
B
government laws
15

1.301✔ 1.21491.2839

A
1.301
B
✔ 1.2149
C
1.2839
16

0.841.21✔ 1.28

A
0.84
B
1.21
C
✔ 1.28
17

0.88✔ 0.98 1.08

Answers:
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 .:0.98
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 .:Dec. 2012 to Jan. 2013
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 .:Jan. 2013 to Mar. 2013
18

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
Jan. 2013 to Mar. 2013
19

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
✔ Jan. 2013 to Mar. 2013
20

According to the graph, when would have been the best time for an American to buy a piece of machinery manufactured in Canada?Explain your answer in at least two complete sentences.

Answer:

March 2013 would have been the best time for an American to buy the machinery. The U.S. dollar bought the most Canadian dollars then, so the machinery would cost fewer U.S. dollars.

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