This refers to the price of one nation's currency in terms of another nation's currency.
What is an exchange rate?
100
1 USD = 10.4 Peso
According to the information, if a person brought $50 to Mexico, they would receive this amount in pesos.
What is 520 pesos?
100
According to table 2, this is the value of one euro in USD.
What is 1.13 USD?
100
Another term for an appreciated currency is this.
What is a strong dollar?
100
This term refers to the tools and machinery needed to produce a product.
What is capital?
200
This is where information on exchange rates can be easily found.
What is the internet?
200
According to the information in Table 1, if Charlene visits her grandmother in England and carries 175 USD with her, she will receive this many GBP.
What is 105 GBP?
200
According to table 2, this is the value of 1 USD in francs.
What is .95 Swiss Franc?
200
If the demand for a currency declines, this will happen to the currency.
What is depreciate/weaken?
200
This term refers to the fact that more is demanded at lower prices.
What is the law of demand?
300
This refers to an exchange rate that has been set between two countries.
What is a fixed exchange rate?
300
According to table 1, if Kara comes to the United States from Canada and brings 300 CAD with her, then she would receive this many USD.
What is 270?
300
According to table 2, this is the value of 1 Yen in USD.
What is .008 USD?
300
If a currency appreciates, these groups of people will be helped.
What is importers and citizens that visit abroad?
300
A country that can produce at a lower opportunity cost is said to have this.
What is comparative advantage?
400
This term refers to a currency that has become worth less than another nation's currency.
What is a weak/depreciated dollar?
400
According to table 1, if Jenna visits Great Britain and brings 200 USD with her, exchanges her money, and then spends $45 GBP, she will have this many GBP left over.
What is 75 GBP?
400
According to table 3, 1 USD is worth this many AUD.
What is 1.28 AUD?
400
The euro depreciates relative to the US dollar. Who will this hurt the most?
a. exporters in both countries
b. German vacationers to the US
c. US importers
d. German importers
What is d?
400
This refers to anything that prevents trade from occurring.
What is a trade barrier?
500
This refers to what determines floating exchange rates.
What is supply and demand?
500
According to table 1, if Ken comes from Britain to the US and brings 200 GBP, spends 215 USD, he will bring home this many GBP.
What is 27 GBP?
500
According to the table 3, the value of one EUR in GBP is this.
What is .74 GBP?
500
If a currency depreciates, this means that the dollar will buy more/less foreign currency than before.
What is more less?
500
This refers to the total amount of goods produced in a country during a specific time period.