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1、Chapter10ForeignExchangeMultiple-ChoiceQuestions1.FromOctober1997toJanuary1998,theeconomyofSouthKoreawasinturmoil.Oneoftheproblemswas:a.thecurrencyofSouthKoreaappreciatedconsiderablymakingitverydifficultforKoreanexporterstosellgoodsabroad.b.thevalueoft
2、heU.S.$comparedtotheKoreanwonfellbymorethanhalf.c.U.S.goodsbecameverycheaptoKoreansmakingitdifficultforKoreanmanufacturerstocompetewithimports.d.thevalueofthewonfellbymorethanhalfcomparedtotheU.S.dollar,makingU.S.goodsveryexpensivetoKoreansandKoreangoo
3、dsrelativelyinexpensiveforU.S.residents.Ans:DDifficulty:01EasyLearningObjective:10-01AACSB:ReflectiveThinkingBlooms:RememberTopic:ForeignExchangeBasics2.AnAmericantravelingtoEuropewillfinditeasiertomakepurchasesnowbecause:a.mostcountriesinEuropeacceptU
4、.S.dollars.b.mostofthecountriesofEuropehaveadoptedtheBritishpoundsasthestandardcurrency.c.manyofthecountriesinEuropenowusethesamecurrency,theeuro.d.allofthecountriesinEuropenowusethesamecurrency,theeuro.Ans:CDifficulty:01EasyLearningObjective:10-01AACS
5、B:ReflectiveThinkingBlooms:RememberTopic:ForeignExchangeBasics3.Thenominalexchangerate:a.istheamountofonecountry'sgoodsthatcouldbeobtainedwithabasketofgoodsofanothercountry.b.isalwaysexpressedasunitsofaforeigncurrencyperU.S.dollar.c.istheratethatonecan
6、exchangethecurrencyofonecountryforthecurrencyofanothercountry.d.isasynonymoustermfortheswaprate.Ans:CDifficulty:01EasyLearningObjective:10-01©2017byMcGraw-HillEducation. Thisisproprietarymaterialsolelyforauthorizedinstructoruse.Notauthorizedforsaleordi
7、stributioninanymanner. Thisdocumentmaynotbecopied,scanned,duplicated,forwarded,distributed,orpostedonawebsite,inwholeorpart. AACSB:ReflectiveThinkingBlooms:RememberTopic:ForeignExchangeBasics4.IfanAmericantravelingabroadcanobtain115eurosfor$100U.S.thec
8、urrenteuroper$exchangerateis:a.0.870euros/$.b.1.15euros/$.c.115euros/$.d.1euro/1.15$.Ans:BDifficulty:02MediumLearningObjective:10-01AACSB:KnowledgeApplicationBlooms:ApplyTopic:ForeignExchangeBasics5.Ifinlate2016100U.S.dollarsexchangedfo
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