practicetest_iei7 - Name Class Date Practice Test Chapter...

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Name: ________________________ Class: ___________________ Date: __________ ID: A 1 Practice Test Chapter 11 IEI Fall 2007 Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 1. Assume you are an American exporter and expect to receive 50 pounds sterling at the end of 60 days. You can remove the risk of loss due to a devaluation of the pound sterling by: a. Selling sterling in the forward market for 60-day delivery b. Buying sterling now and selling it at the end of 60 days c. Selling the dollar equivalent in the forward market for 60-day delivery d. Keeping the sterling in Britain after it is delivered to you ____ 2. Which of the following tends to cause the U.S. dollar to appreciate in value? ____
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