ECON - Unit 5B Question Preview (ID: 62280)


SSEIN2. TEACHERS: click here for quick copy question ID numbers.

The price of one currency expressed in terms of another currency... is called:
a) an exchange rate
b) a trade barrier
c) a sanction
d) a quota

In order to conduct business in another country, individuals must:
a) obtain that nation's currency
b) bring their own country's currency
c) ###
d) ####

An increase in the value of currency compared to another currency... is known as:
a) appreciation
b) depreciation
c) inflation
d) ####

A decrease in the value of currency compared to another currency... is called:
a) depreciation
b) appreciation
c) inflation
d) ####

When products within a country are in high demand:
a) the demand for its currency increases
b) the demand for its currency decreases
c) ###
d) ####

What happens when a nation's currency appreciates?
a) The goods become more expensive for other countries to buy.
b) The goods become more affordable for other nations.
c) ###
d) ####

When the U.S. dollar appreciates, there is usually:
a) a trade deficit
b) a trade surplus
c) ###
d) ####

As the U.S. dollar depreciates, it is usually correlated to:
a) a trade surplus
b) a trade deficit
c) ###
d) ####

A trade deficit occurs when:
a) imports are greater than exports
b) exports are greater than imports
c) ###
d) ####

A trade surplus occurs when:
a) exports are greater than imports
b) imports are greater than exports
c) ###
d) ####

Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 62280 in the upper right hand corner or click here.

TEACHERS / EDUCATORS
Log In | Sign Up / Register

Help / Support / FAQ




Gaming Links