If a foreign county experiences a hyperinflation,( )
A: its currency will depreciate against stable currencies.
B: its currency may appreciate against stable currencies.
C: its currency may be unaffected—it's difficult to say.
D: none of the above
A: its currency will depreciate against stable currencies.
B: its currency may appreciate against stable currencies.
C: its currency may be unaffected—it's difficult to say.
D: none of the above
举一反三
- A convertible currency is a currency that may be freely exchanged for______. ( ) A: national currency. B: only silver. C: only copper. D: foreign currencies.
- International businesses use foreign exchange markets for all of the following reasons except: A: to receive payments from foreign investments that may be in foreign currencies B: to pay a foreign company for its products or services in its country's currency C: to invest for short terms in money markets when they have spare cash D: to cover themselves from all risks involved in currency speculation
- Which one of the following statements is the MOST accurate? （ ) A: A depreciation of a country's currency makes its goods more expensive for foreigners. B: An appreciation of a country's currency makes its goods more expensive. C: A depreciation of a country's currency makes its goods cheaper for foreigners. D: A depreciation of a country's currency makes its goods cheaper.
- If a nation’s currency doubles in value on foreign exchange markets, the currency is said to _________,reflecting a change in the _________ exchange rate. A: appreciate, nominal B: appreciate, real C: depreciate, nominall D: depreciate, rea
- The market price of one currency in terms of another currency is also known as A: the exchange rate between those currencies. B: the future rate between those currencies. C: the spot market. D: the value of arbitrage.