Suppose that the exchange rate between the United States doltlar ($) and the Thai currency, baht (8), is 81=$0.05. Leticia wants to buy a 8600 souvenir from Thalland. What is the souvenir's price in dollars? O $0.05 IS O $30 O $600 O $12.000
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- A car costs $20,000 in the U.S. The exchange rate between the euro and the dollar is 0.813 euros per dollar. Ignoring transportation and other similar costs, what would be the euro price of the same car in France? Select one: O a. 28,000 euros O b. 16,260 euros O c. 24,600 euros O d. 15,300 euros CheckSuppose the nominal exchange rate is $0.5 Canadian per British pound, the CPI measure of price level is 140 in Canada and 160 in Britain. What is the corresponding real exchange rate between these two countries in Canadian dollars (rounded to the nearest cent)? O A. $2.29 O B. $0.44 O C $0.57 O D. $1.75An individual in the England wants to buy office equipment from England which costs $2,000. If the exchange rate is 1pound=$1.9, how much will the office equipment cost him in pounds? O a. 2,000 pounds b. 1,800 pounds c. 3,800 pounds O d. 1,053 pounds
- The law of supply of foreign exchange tells us that, other things remaining the same, Select one: O A. the higher the exchange rate, the greater is the supply of Canadian dollars O B the lower the exchange rate, the smaller is the supply of Canadian dollars. O C. the higher the exchange rate, the greater is the quantity of Canadian dollars supplied. OD the lower the exchange rate, the greater is the quantity of Canadian dollars supplied. O E. the lower the exchange rate, the greater is the supply of Canadian dollars.Last month the US dollar appreciated by 1% against the Japanese Yen. The US dollar also appreciated by 3.1% against the Euro. By approximately how much did the Euro shift against the Yen over this period? O a. Euro appreciated by 4.1% O b. Euro depreciated by 4.1% O c. Euro appreciated by 2.1% 4 O d. Euro neither appreciated nor depreciated against the Yen O e. Euro depreciated by 2.1%Suppose that a laptop computer sells in China for 3,740 yuan, and that the exchange rate between the Canadian dollar and the yuan is 11 yuan per Canadian dollar. Canadian. If you buy the laptop in China it will cost you the equivalent of O A. $41.1 O B. $4,114 OC. $411 OD. $340 O E. $34
- In the foreign exchange market, if the U.S. interest rate rises relative to interest rates in other nations, then the demand curve for U.S. dollars and the supply curve of U.S. dollars does not shift; does not shifts O b. shifts to the left; shifts to the right shifts to the right; shifts to the right O d. shifts to the left; shifts to the left O . shifts to the right; shifts to the leftCurrently, it takes two Belize dollars to buy a U.S. dollar. If that number were to rise to three, then the Belize currency would have (appreciated, depreciated) and it would be (more, less) expensive for American tourists to vacation in Belize. Select one: O a. depreciated; more O b. appreciated; less. O c. appreciated; more. O d. depreciated; less.Under a fixed exchange rate system (A). would be an exogenous monetary policy instrument, whereas under a flexible exchange rate system (B) endogenous monetary policy instrument. would be an O a. (A) the interest rate; (B) the exchange rate O b. (A) the exchange rate; (B) the interest rate O c. (A) the interest rate; (B) the interest rate O d. (A) the exchange rate; (B) the exchange rate
- Suppose that a laptop computer sells in China for 3,120 yuan, and that the exchange rate between the Canadian dollar and the yuan is 13 yuan per Canadian dollar. If you buy the laptop in China it will cost you the equivalent of Canadian. ..... O A. $406 O B. $40.6 OC. $24 O D. $4,056 O E. $240Paul can produce 12 bu. of wheat or 4 bu. of corn if he produces only one product. Sam can produce 3 bu. of wheat or 3 bu. of corn if he produces only one product. A mutually beneficial exchange rate for Paul and Sam would be O 1 bu of wheat for 1/4 bu. of corn. O 1 bu, of wheat for 2 bu, of com. O 1bu. of corn for 2 bu. of wheat. O Ibu. of corn for 3 1/2 bu. of wheat.Purchasing Power Parity (PPP) theory states that Select one: O a the prices of standard commodity baskets in two countries are not related. O b. None of them. O c. as the purchasing power of a currency sharply declines (due to hyperinfiation) that currency will appreciate against stable currencies. O d the exchange rate between currencies of two countries should be equal to the ratio of the countries' price levels. 22 As of today, the spot exchange rate is C100 = $1.20, and the rate of infiation expected to prevoil for the next year in the U.S. is 2% and 3% in the eurozone. What is the one-year forward rate that should prevail? Select one: O a cL00 - S1.2379 O b S1.00 = co.8623 O c. S1.00 - €CLI883 O d e100 - S1IBB3