Currencies and Exchange Rates Answers

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Which arguments did you include in your answer? Check all that apply.

The most favorable exchange rates for an American were in March 2013.

A US dollar could purchase the most Canadian dollars in March 2013.

March 2013 would have been the best time to purchase the machinery.

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

allowed the exchange rate to be set by supply and demand

artificially increased the number of bolivars needed to buy one US dollar

artificially decreased the number of bolivars needed to buy one US dollar

allowed the exchange rate to remain unchanged for the near future

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

rising inflation

price deflation

increased imports

declining inflation

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