Podcast
Questions and Answers
What happens to a currency when more money is invested in a country?
What happens to a currency when more money is invested in a country?
- The currency's exchange rate becomes irrelevant
- The currency weakens
- The currency becomes more volatile
- The currency strengthens (correct)
Which of the following currencies is NOT commonly mentioned as a major currency?
Which of the following currencies is NOT commonly mentioned as a major currency?
- Euro (€)
- Australian dollar (A$) (correct)
- American dollar ($)
- British pound (£)
What is the effect of buying local products on a country's currency?
What is the effect of buying local products on a country's currency?
- It has no effect on the currency strength
- It increases the amount of foreign currency
- It depreciates the local currency
- It strengthens the local currency (correct)
Which formula correctly represents the conversion of currency using exchange rates?
Which formula correctly represents the conversion of currency using exchange rates?
Which statement is true regarding exchange rates?
Which statement is true regarding exchange rates?
What happens to the strength of a currency when its economy attracts significant foreign investment?
What happens to the strength of a currency when its economy attracts significant foreign investment?
Which of the following factors can lead to a decrease in local currency strength?
Which of the following factors can lead to a decrease in local currency strength?
If the exchange rate between the euro and the American dollar is 1.2, how much would 120 euros be in dollars?
If the exchange rate between the euro and the American dollar is 1.2, how much would 120 euros be in dollars?
What is the primary effect of buying local products on the country's economy?
What is the primary effect of buying local products on the country's economy?
Which of the following currencies is commonly used in international trade?
Which of the following currencies is commonly used in international trade?
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