• 2021-04-14
    If the exchange rate between the dollar and the Swiss franc changes from 1.8 to 1.5 francs per dollar, the franc depreciates and the dollar appreciates.
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      The U.S. dollar suddenly changes in value against the euro moving from an exchange rate EUR/USD of 0.8909 to 0.8709. Thus, the dollar has ________ by ________. A: appreciated; 2.30% B: depreciated; 2.30% C: appreciated; 2.24% D: depreciated; 2.24%

    • 1

      As of 2002, members of the European Monetary Union agreed to replace their currencies with the: A: mark B: dollar C: franc D: euro

    • 2

      What is the exchange rate between RMB and USD in Mr. Brown’s memo? It’s one US dollar to _____________ yuan.

    • 3

      When the value of the dollar changes from 0.5 pounds to 0.75 pounds, then the pound has appreciated and the dollar has depreciated.

    • 4

      If the U.S. dollar and British pound have a flexible exchange rate, and the U.S. dollar changes so that one needs more dollars to buy one pound, the currency has A: depreciated. B: appreciated. C: devalued. D: revalued.