ch13 - Financial Markets and Institutions 6e(Mishkin/Eakins...

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Financial Markets and Institutions, 6e (Mishkin/Eakins)  Chapter 13    1
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The Foreign  Exchange  Market 13.1 
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Multi ple  Choi ce
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1) 
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American  firms became less competitive compared to foreign firms during the 1980s because  A) 
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the quality and  productivity of American workers declined.  B) 
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foreign firms  were younger  than American firms and as a result had more modern facilities that made use of the latest  technology.  C) 
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the U.S. dollar  became worth more in terms of foreign currencies.  D) 
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the U.S. dollar  became worth less in terms of foreign currencies.  Answer:  
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Question Status: 
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Previous Edition 2) 
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A spot  transaction in the foreign exchange market involves the  A) 
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exchange of  exports and imports at a specified future date.  B) 
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exchange of  bank deposits at a specified future date.  C) 
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immediate  (within two days) exchange of exports and imports.  D) 
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immediate  (within two days) exchange of bank deposits.  Answer:  
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Question Status: 
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Previous Edition 3) 
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When the  value of  the British pound changes from $1.50 to $1.25, then the pound has _________ and the dollar has  _________.  A) 
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appreciated;  appreciated  B) 
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depreciated;  appreciated  C) 
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appreciated;  depreciated  D) 
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depreciated;  depreciated  Answer:  
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Question Status: 
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Previous Edition 4) 
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When the  value of  the dollar changes from £0.5 to £0.75, then the pound has _________ and the dollar has _________.  A) 
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appreciated;  appreciated  B) 
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depreciated;  appreciated  C) 
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appreciated;  depreciated  D) 
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depreciated;  depreciated  Answer:  
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ch13 - Financial Markets and Institutions 6e(Mishkin/Eakins...

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