#8 - ECON 2020

#8 - ECON 2020 - Written Assignment #8: To be submitted for...

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Multiple Choice 1) The foreign exchange market is the market where: A) Exports and imports are consummated. B) Gold is exchanged to bring about trade equality. C) Currencies are bought and sold. D) Domestic buyers reach agreements with international sellers. 2) The exchange rate refers to: A) The price of one currency in terms of another currency. B) The relationship between the real price level and the nominal price level. C) The ratio between imports and exports. D) The ratio between imports and net exports. 3) Flexible exchange rate systems occur when: A) There are differences between the values of currencies. B) U.S. consumers pay different prices for different countries' goods and services. C) U.S. dollars flow to other countries. D) Exchange rates are determined by the law of supply and demand. 4) If the demand curve for dollars shifts to the right: A) The values of all currencies have depreciated. B) The values of all currencies have appreciated.
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This note was uploaded on 04/05/2010 for the course ECON 2020 at Colorado.

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#8 - ECON 2020 - Written Assignment #8: To be submitted for...

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