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Currencies and Exchange Rates Answers

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What is a currency exchange rate?

A
the money returned when a person overpays
B
the amount of a currency needed to account for a rise in inflation
C
the value of one currency in relation to another
D
a series of currency fluctuations over a period of time
7
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Answers:
In October 2012, one US dollar could buy about Canadian dollars.The exchange rate remained unchanged from .The US dollar grew stronger against the Canadian dollar from .:0.98
In October 2012, one US dollar could buy about Canadian dollars.The exchange rate remained unchanged from .The US dollar grew stronger against the Canadian dollar from .:Dec. 2012 to Jan. 2013
In October 2012, one US dollar could buy about Canadian dollars.The exchange rate remained unchanged from .The US dollar grew stronger against the Canadian dollar from .:Jan. 2013 to Mar. 2013
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US dollar✔ euroBritish pound

Answers:
For this table, the reference currency is the .The exchange rate of the euro to the US dollar and most other currencies is determined by .According to the chart, one euro would buy Swiss francs.It wou:euro
For this table, the reference currency is the .The exchange rate of the euro to the US dollar and most other currencies is determined by .According to the chart, one euro would buy Swiss francs.It wou:supply and demand
For this table, the reference currency is the .The exchange rate of the euro to the US dollar and most other currencies is determined by .According to the chart, one euro would buy Swiss francs.It wou:1.2149
For this table, the reference currency is the .The exchange rate of the euro to the US dollar and most other currencies is determined by .According to the chart, one euro would buy Swiss francs.It wou:1.28
9

✔ supply and demandgovernment laws

A
✔ supply and demand
B
government laws
10

1.301✔ 1.21491.2839

A
1.301
B
✔ 1.2149
C
1.2839
11

0.841.21✔ 1.28

A
0.84
B
1.21
C
✔ 1.28
35

0.88✔ 0.98 1.08

A
0.88
B
✔ 0.98
C
1.08
36

Oct. 2012 to Jan. 2013✔ Dec. 2012 to Jan. 2013 Jan. 2013 to Mar. 2013

A
Oct. 2012 to Jan. 2013
B
✔ Dec. 2012 to Jan. 2013
C
Jan. 2013 to Mar. 2013
37

Oct. 2012 to Jan. 2013 Dec. 2012 to Jan. 2013✔ Jan. 2013 to Mar. 2013

A
Oct. 2012 to Jan. 2013
B
Dec. 2012 to Jan. 2013
C
✔ Jan. 2013 to Mar. 2013
44

According to the graph, when would have been the best time for an American to buy a piece of machinery manufactured in Canada?Explain your answer in at least two complete sentences.

Answer:

March 2013 would have been the best time for an American to buy the machinery. The U.S. dollar bought the most Canadian dollars then, so the machinery would cost fewer U.S. dollars.

46

Which arguments did you include in your answer? Check all that apply.

A
The most favorable exchange rates for an American were in March 2013.
B
A US dollar could purchase the most Canadian dollars in March 2013.
C
March 2013 would have been the best time to purchase the machinery.
47

What has the president of Venezuela done by devaluating the bolivar?

A
allowed the exchange rate to be set by supply and demand
B
artificially increased the number of bolivars needed to buy one US dollar
C
artificially decreased the number of bolivars needed to buy one US dollar
D
allowed the exchange rate to remain unchanged for the near future
49

What is the expected effect of the devaluation among Venezuela’s population?

A
rising inflation
B
price deflation
C
increased imports
D
declining inflation

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