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U Dollar Quiz

Foreign exchange is:

If the price of British pounds in terms of U.S. dollars is $1.80 per pound, then the price of U.S. dollars in terms of British pounds is:

Suppose the exchange rate between the Japanese yen and the U.S. dollar is 100 yen per dollar. A Japanese stereo with a price of 60,000 yen will cost:

Suppose that a Korean television set that costs 600 won in Korea costs $400 in the United States. These prices suggest that the exchange rate between the won and the dollar is:

The __________ exchange rate is the price for “immediate” currency exchange.

The __________ exchange rate is the price set now for an exchange that will take place sometime in the future.

The foreign exchange market is:

__________ foreign exchange trading involves currency exchanges done between individuals and banks.

The U.S. dollar is called a __________ because it is often used as an intermediary to accomplish trading between two other currencies.

Suppose that the exchange value of the British pound is $2 per pound while the exchange value of the Swiss franc is 50 cents per franc. From this we can conclude that the exchange rate between the pound and the franc is:

Tagged as: exchange rate, exchange rate, exchange
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