Banking and Finance 2 MCQs
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Q 51. Anything that increases the demand for foreign goods relative to domestic goods tends to _____ the domestic currency because domestic goods will only continue to sell well if the value of the domestic currency is _____.
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Q 52. Lower tariffs and quotas cause a country’s currency to _____ in the _____ run.
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Q 53. Higher tariffs and quotas cause a country’s currency to _____ in the _____ run.
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Q 54. In the foreign exchange market, if the interest rate on foreign deposits increases, holding everything else constant,
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Q 55. An agreement to exchange dollar bank deposits for euro bank deposits in one month is a
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Q 56. The immediate (two-day) exchange of one currency for another is a
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Q 57. Exchange rates are determined in
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Q 58. In the long run, ________ affect the exchange rate.
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Q 59. The foreign exchange market
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Q 60. When the value of the British pound changes from $1.50 to $1.25, the pound has ________ and the dollar has ________.
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