Currencies and Exchange Rates

Question 1

What is a currency exchange rate?

Revolt · Accepted Answer

C: the value of one currency in relation to another

Question 2

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.

Revolt · Accepted Answer

I need more time to think about this question.

Question 3

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

Revolt · Accepted Answer

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

Question 4

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

Revolt · Accepted Answer

A: rising inflation

Question 5

✔ supply and demandgovernment laws

Revolt · Accepted Answer

A: supply and demand

Question 6

1.301✔ 1.21491.2839

Revolt · Accepted Answer

B: 1.2149

Question 7

0.841.21✔ 1.28

Revolt · Accepted Answer

C: 1.28

Question 8

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

Revolt · Accepted Answer

B: euro

Question 9

Question 9

Revolt · Accepted Answer

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

Question 10

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 .

Revolt · Accepted Answer

B: 0.98

Currencies and Exchange Rates Answers

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