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Understanding Exchange Rates
Understanding Exchange Rates MCQs
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If one Canadian dollar is equal to US$0.6134, then one US dollar is equal to how many C$?
$1.6303
$1.5406
$1.5967
$1.4534
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If one Euro is equal to C$1.4904, then one Canadian dollar is equal to how many Euros?
0.6453
0.6767
0.6710
0.6545
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This question and the following four questions relate to the table of cross rates. .tg {border-collapse:collapse;border-spacing:0;} .tg td{border...
1.43
1.57
0.69
0.57
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According to the above table, how many Euros can an American receive for one US dollar?
1.33
1.19
0.84
0.75
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According to the above table, how many Euros can a Swiss receive for one Swiss franc?
1.52
1.47
0.68
0.76
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According to the above table, how many Swiss francs can the Japanese receive for one yen?
0.03
0.05
15
18
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According to the above table, how many Euros can the Japanese receive for one yen?
26.4
24.5
0.038
0.453
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Depreciation of a currency is
the increase in the value of one currency in terms of another.
the decrease in the value of one currency in terms of another.
an arbitrary increase in the value of a currency that had previously been fixed in value.
an arbitrary decrease in the value of a currency that had previously been fixed in value.
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In 1996, the exchange rate for the Canadian dollar against the French franc was 1C$ = 0.25FF. In 1999, through various market forces, the exchange rat...
appreciated
depreciated
been re-valued
been devalued
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When constructing the trade-weighted exchange rate for Canada, the country that accounts for the second highest weight is
Japan
The EU
Brazil
Great Britain
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The Law of one price states
that under certain conditions, the domestic and foreign price of a tradable good should be equal.
that under certain conditions, the exchange rates between two countries should be equal.
that under certain conditions, the domestic and foreign price of a tradable good should be somewhat close.
that under certain conditions, the domestic and foreign price once converted with exchange rate should be equal
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According to the IMF, which of the following exchange regimes best describes Canada’s exchange rate regime:
Crawling Peg
Managed float
Independently floating
Currency board arrangements
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A managed float regime is when
a country’s currency is pegged to another currency
market forces are allowed to determine the exchange rate
the central bank intervenes in the market for foreign exchange to hold the rate at some desired level.
is when the IMF intervenes to establish manage the various exchange rates in selected countries.
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In the supply and demand diagram of the model of exchange rates between Canada and the United States, the demand curve slopes downward because: (Assum...
as the Canadian dollar appreciates, it becomes cheaper to buy US dollars.
as the Canadian dollar appreciates, it becomes more expensive to buy US dollars.
Canadian incomes are increasing, ceteris paribus.
Canadian incomes are decreasing, ceteris paribus.
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In a fixed exchange rate regime the supply curve for foreign exchange is
perfectly elastic
perfectly inelastic
slopes upward
does not intersect the demand curve.
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An increase of Canadian exports to the united States will result in a shift in
the demand curve for foreign exchange
the supply curve for foreign exchange
both demand and supply of foreign exchange
a movement along the demand curve for foreign exchange
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When international borrowing and lending are considered, an increase in Canadian interest rates results in a _____________ ____________ loanable funds...
larger demand for
smaller demand for
larger supply of
smaller supply of
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When international borrowing and lending are considered, an increase in the demand for loanable funds will result in a ____________ increase in the eq...
larger, larger
larger, smaller
smaller, larger
smaller, smaller
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Purchasing Power Parity predicts that if Canada’s inflation rate is 5% and the US inflation rate is 2%, then we could expect the Canadian dollar to ...
appreciate, 3%
depreciate, 3%
appreciate, 7%
depreciate by 7%
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Persistent deviations of the Can-US exchange rate from its equilibrium is not explained by which of the following:
the existence of a managed exchange rate regime.
the productivity gap.
the resource based structure of the Canadian economy as opposed to the more services based US economy.
the stickiness of prices of goods and services as opposed to the more flexible exchange rates.
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A forward exchange rate is
the rate for immediate delivery of a currency.
the exchange rate on a contract to deliver foreign exchange at some future date at a price also negotiated at some future date.
the exchange rate on a contract to deliver foreign exchange at some future date at a price negotiated today.
the exchange rate on a contract to deliver foreign exchange at some future date at a price determined by market forces.
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In 1995, Big Macs were relatively cheaper in Canada compared to the United States. Therefore, the Canadian dollar is ___________ and one would expect ...
Overvalued, decrease.
Overvalued, increase.
Undervalued, decrease.
Undervalued, increase.
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Given the following information, what would be the one-year implicit forward exchange rate? Annual yield on a Canadian T-Bill = 7% Annual yield on a...
1.48
1.39
0.67
0.72
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When the Canadian expected rate of inflation rises
The nominal interest rate rises and the Canadian dollar appreciates.
The nominal interest rate rises and the Canadian dollar depreciates.
The nominal interest rate falls and the Canadian dollar appreciates.
The nominal interest rate falls and the Canadian dollar depreciates.
?
When the Canadian real interest rate rises
The nominal interest rate rises and the Canadian dollar appreciates.
The nominal interest rate rises and the Canadian dollar depreciates.
The nominal interest rate falls and the Canadian dollar appreciates.
The nominal interest rate falls and the Canadian dollar depreciates.
