Finance Tax Economy

A decrease in the number of foreign goods and services imported into the …….

1. 
   Finance
   
2. 
   Tax
   
3. 
   Economy
   
4. 
   All of them
   

A depreciation means a decrease in the value of a currency. It means a currency is worth less in terms of a ………. Currency

1. 
   National
   
2. 
   International
   
3. 
   Foreign
   
4. 
   None of them
   

What is managed floating exchange rate?

1. 
   Currency ‘s value is imposible to predict
   
2. 
   Currency’s value is affected by the economic actions of its government of central bank
   
3. 
   Currency’s value is affected by the value of a precious metal like gold or silver
   
4. 
   Currency’s value always stays the same
   

What is the name of an exchange rate where each currency isn’t necessarily backed by a resource?

1. 
   Managed
   
2. 
   Floating
   
3. 
   Fixed
   
4. 
   Standard
   

How are current international exchange rates determined?

1. 
   A managed floating exchange rate
   
2. 
   A floating exchange rate
   
3. 
   A fixed exchange rate
   
4. 
   A standart exchange rate
   

Which controlled international exchange rates until the 1910s?

1. 
   The silver standard
   
2. 
   The gold standard
   
3. 
   A floating exchange rate
   
4. 
   A fixed exchange rate
   

Which exchange rate would most likely be used for a transaction that will occur at a future date?

1. 
   Forward
   
2. 
   Current
   
3. 
   Future
   
4. 
   Present value rate