CH 25 Exch Rate & BofP(2) - University of Lethbridge Department of Economics ECON 1012 Introduction to Macroeconomics Instructor Michael G Lanyi CH

CH 25 Exch Rate & BofP(2) - University of Lethbridge...

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University of Lethbridge Department of Economics ECON 1012 Introduction to Macroeconomics Instructor: Michael G. Lanyi CH 25 Exch Rate & BofP 1)Foreign currency is A)the market for foreign exchange.B)the price at which one currency exchanges for another currency.C)foreign notes, coins and bank deposits.D)foreign notes and coins only.E)the purchasing power of foreign money. Topic: Currencies and Exchange Rates 2)The foreign exchange market is Topic: Currencies and Exchange Rates 3)The exchange rate is the Topic: Currencies and Exchange Rates 4)If the Canadian dollar depreciates, it means that Topic: Currencies and Exchange Rates 5)Suppose that the Canadian dollar exchanges for 0.90 U.S. dollars and also for 0.65 Euros. A U.S. dollar exchanges for A)1.00 Euro.B)1.55 Euros.C)0.25 Euros.D)1.39 Euros.E)0.72 Euros. Topic: Currencies and Exchange Rates 1
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6)If the exchange rate is 88 U.S. cents per Canadian dollar, then Topic: Currencies and Exchange Rates 7)Currency depreciation is a reduction in the Topic: Currencies and Exchange Rates
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