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ECON216_Spring2011_Tutorials_Ch_11_to_15_mcqs

ECON216_Spring2011_Tutorials_Ch_11_to_15_mcqs - Review MCQs...

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Review MCQs Chapter 11 12 13 14 and 15 Chapter 11 1. Which is not a function of the foreign exchange market? a. to transfer funds from one nation to another b. to finance trade c. to diversify risks d. to provide the facilities for hedging 2. An increase in the euro price of the dollar represents: 3. A change from $1=€1 to $2=€1 represents 4. A shortage of Euros with flexible exchange rates results in: 5. An effective exchange rate is a: a. spot rate b. forward rate c. a flexible exchange rate d. weighted average of the exchange rates between the domestic currency and the nation’s most important trade partners Chapter 12 1. If growth increased in the United States but not in the European Monetary Union (EMU) the dollar would: 2. A more rapid increase in prices in the United States than in the European Monetary Union (EMU) would lead to
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3. An increase in the interest rate in the United States but not in the European Monetary Union would lead to
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