Reading 18: Currency Exchange Rates-LOS a, (Part 2)习题精选

luqian55

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发表于 2010-5-31 00:12 | 只看该作者

thanks

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发表于 2010-4-13 15:32 | 只看该作者

If the exchange rate value of the CAD goes from USD 0.60 to USD 0.80, then the CAD:

A)	depreciated and Canadians will find U.S. goods more expensive.

B)	depreciated and Canadians will find U.S. goods cheaper.

C)	appreciated and Canadians will find U.S. goods cheaper.

The CAD is now more expensive in terms of USD, and thus it has appreciated. Therefore, each CAD yields more USD than before, and Canadians are able to purchase more U.S. goods with each CAD, making U.S. goods relatively cheaper.

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发表于 2010-4-13 15:32 | 只看该作者

In Japan, the direct quote of 108.82 Japanese yen per U.S. dollar (JPY/USD) is the equivalent of an indirect quote of:

A)	0.091895 USD/JPY.

B)	0.918949 USD/JPY.

C)	0.009189 USD/JPY.

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发表于 2010-4-13 15:32 | 只看该作者

In Japan, the direct quote of 108.82 Japanese yen per U.S. dollar (JPY/USD) is the equivalent of an indirect quote of:

A)	0.091895 USD/JPY.

B)	0.918949 USD/JPY.

C)	0.009189 USD/JPY.

0.009189 USD/JPY is the reciprocal of 108.82 JPY/USD.

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发表于 2010-4-13 15:32 | 只看该作者

Suppose that the quote for the CAD in New York is 0.6666 USD/CAD. What is the quote for USD in Toronto (CAD/USD)?

1.5001.

0.3333.

1.0000.

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发表于 2010-4-13 15:32 | 只看该作者

Suppose that the quote for the CAD in New York is 0.6666 USD/CAD. What is the quote for USD in Toronto (CAD/USD)?

1.5001.

0.3333.

1.0000.

Take the reciprocal of 0.6666 = 1 / 0.6666 = 1.5001

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发表于 2010-4-13 15:31 | 只看该作者

Given an indirect quote of 2.2254 CHF/GBP, what is the direct quote?

A)	4.4940 GBP/CHF.

B)	0.0449 GBP/CHF.

C)	0.4494 GBP/CHF.

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发表于 2010-4-13 15:31 | 只看该作者

Given an indirect quote of 2.2254 CHF/GBP, what is the direct quote?

A)	4.4940 GBP/CHF.

B)	0.0449 GBP/CHF.

C)	0.4494 GBP/CHF.

0.4494 GBP/CHF is the reciprocal of 2.2254 CHF/GBP.