A: the Federal Reserve must adjust the supply of U.S. dollars when the price of gold changes.
B: the government must buy and sell gold reserves when the price of the dollar changes.
C: the U.S. dollar will not change in value since the price of gold is constant.
D: the U.S. dollar would become more valuable than the Euro.
举一反三
- Under the Bretton Woods system, the U.S. dollar was pegged to gold at $38 per ounce and other currencies were pegged to the U.S. dolla
- An appreciation in the value of the U.S. dollar against the British pound would tend to: A: Increase in the spot price of the yen B: Increase in the forward price of the dollar C: Sale of dollars in the forward market D: Purchase of yen in the spot market
- 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.
- The bid price for a bank is 1.2400 US dollar per euro; and the ask price is 1.2408 dollar per euro. The spread would be __________.
- If the Fed wants to depreciate the U.S. dollar against the British pound, it will ________. A: sell foreign exchange B: decrease the money supply C: sell British pounds D: sell U.S. dollars
内容
- 0
If Chinese speculators expect the euro to appreciate against the U.S. dollar, they would: A: purchase Chinese yuan. B: purchase U.S. dollars. C: purchase euros. D: use Chinese yuan to buy euros, instantly use the euros to buy U.S. dollars, and then instantly use the U.S. dollars to buy Chinese yuan.
- 1
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%
- 2
中国大学MOOC: On July 21st, 2005, the Chinese government changed the value of the yuan from 8.28 yuan per U.S. dollar to 8.11 yuan per U.S. dollar. This implies a __________ dollar and a __________ yuan.
- 3
Under Bretton Woods system, the U.S. dollar was its central currency. The value of every other currency was allowed to devaluate as long as it was pegged to the U.S. dollar.
- 4
Which of the following changes were made to IMF's Articles of Agreement in the Jamaica agreement? A: IMF members were permitted to use Dollar as the convertible currency. B: IMF members were permitted to sell their gold reserves at the market price. C: Gold was declared as a formal reserve asset for IMF members. D: IMF members were restricted from entering the foreign exchange market