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Unformatted text preview: Question 1 1 / 1 point American firms became less competitive compared to foreign firms during the 1980s because a) the U.S. dollar became worth more in terms of foreign currencies. b) foreign firms were younger than American firms and as a result had more modern facilities that made use of the latest technology. c) the U.S. dollar became worth less in terms of foreign currencies. d) the quality and productivity of American workers declined. Question 2 1 / 1 point A spot transaction in the foreign exchange market involves the a) exchange of bank deposits at a specified future date. b) immediate (within two days) exchange of bank deposits. c) exchange of exports and imports at a specified future date. d) immediate (within two days) exchange of exports and imports. Question 3 1 / 1 point The _________ states that exchange rates between any two currencies will adjust to reflect changes in the price levels of...
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This note was uploaded on 02/21/2011 for the course FIN 3403 taught by Professor Duong during the Spring '08 term at The University of Oklahoma.
- Spring '08