Globalization

Question 1

The chart below shows an exchange rate table.

Revolt · Accepted Answer

119

Question 2

Read this news report about a planned devaluation of the bolivar, the currency of Venezuela.The president of Venezuela announced that the country would be devaluating the bolivar for the fifth time in nine years. The official rate is falling from 4.3 bolivars to the dollar, to 6.3, a 32% devaluation. By increasing the bolivar value of exports of oil to the US and other nations, the government hopes to alleviate a budget crisis caused by its increasing reliance on borrowing to meet spending obligations.In response to the announcement, the people of Venezuela lined up today to buy televisions, electronics, and airline tickets in order to protect themselves from projected price increases.

Revolt · Accepted Answer

increased the number of bolivars needed to buy one dollar.

Question 3

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

Revolt · Accepted Answer

supply and demand

Question 4

What is an example of a country that makes use of another nation’s currency?

Revolt · Accepted Answer

Panama

Question 5

Read this news report about a planned devaluation of the bolivar, the currency of Venezuela.The president of Venezuela announced that the country would be devaluating the bolivar for the fifth time in nine years. The official rate is falling from 4.3 bolivars to the dollar, to 6.3, a 32% devaluation. By increasing the bolivar value of exports of oil to the US and other nations, the government hopes to alleviate a budget crisis caused by its increasing reliance on borrowing to meet spending obligations.In response to the announcement, the people of Venezuela lined up today to buy televisions, electronics, and airline tickets in order to protect themselves from projected price increases.

Revolt · Accepted Answer

rising inflation.

Question 6

Which of these statements most accurately describes currencies in North America?

Revolt · Accepted Answer

Each country in North America uses its own currency.

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

Each currency has a changing value relative to other currencies. This is referred to as a currency's _______.

Revolt · Accepted Answer

exchange rate

Question 9

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.

Globalization Answers

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