Course 201830 Summer 2018 BUSI 604-B01 LUO Time Elapsed 1 hour, 14 minutes out of 1 hour and 15 minutes Instructions Time limit: 1 hour and 15 minutes 75 true/false and multiple-choice questions Open-book/open-notes Do not hit the BACK button as this will lock you out of the test. The timer will continue if you leave this test without submitting it. Results Displayed Submitted Answers, Feedback Question 1 0 out of 2 points The most important issue in understanding the effects of exchange rates on business is its (________). Selected Answer: Question 2 2 out of 2 points Speculation generally means buying a commodity when its price is low and then reselling it after prices rise in order to make a profit. Selected Answer: Question 3 2 out of 2 points The role of the World Bank is to supervise the exchange rate practices of member countries and to encourage the free convertibility of any national money into the monies of other countries. Selected Answer: Question 4 2 out of 2 points Smaller nations that have limitations and restrictions on their currencies, are considered to possess (_____) currencies. Selected Answer: Question 5 2 out of 2 points The FX swap of currency amounts is normally variable. Selected Answer: Question 6 0 out of 2 points (___________) is considered a sign of economic recovery and stabilization but makes the currency of a country more expensive compared to other currencies, having a direct inverse effect on exports and imports. Selected Answer: Question 7 2 out of 2 points Global Financial Markets include both(__________) and (________) market places that make the cross-border exchange of goods and services between buyers and sellers possible. Selected Answer: Question 8 2 out of 2 points Global financial markets are important to lenders for two major reasons: (1) expanding (________) and (2) reducing (________). Selected Answer: Question 9 2 out of 2 points The end result of the global competition is higher (_______) and lower (_________) for consumers. Selected Answer: Question 10 2 out of 2 points After the Gold Standard was discontinued in 1971, the (___________) followed the rule of supply and demand, and currencies started to flow freely between sellers and buyers in currency markets. Selected Answer: Question 11 2 out of 2 points OTC participants trade on a physical trading floor. Selected Answer: Question 12 2 out of 2 points Since the world thrives to trade and does not have a uniformed international currency, the exchange rate from one currency to another is determined by (______) and (________) on a given day on the FX Market. Selected Answer: Question 13 2 out of 2 points (______) rates indicate the exchange rate of one currency in units of another currency immediately. Selected Answer: Question 14 2 out of 2 points A bond is a certificate with a certain monetary value. Selected Answer: Question 15 2 out of 2 points The Federal Exchange Commission is the main authority issuing regulations over the American securities exchange markets. Selected Answer: Question 16 2 out of 2 points The (___________) monitors the various companies and organizations that are quoted on the security exchange and make sure they meet the requirements for being listed. Selected Answer: Question 17 2 out of 2 points In ideal functioning markets, speculation and (_______) assist in the reduction of unavoidable risks associated with uncertainties, such as unemployment, catastrophic losses, and diminished business revenue. Selected Answer: Question 18 2 out of 2 points Fixed exchange rates, also known as pegged exchange rates, occur when a government or central bank ties …
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