Q11. The U.S. eliminates high tariffs on major imported goods. Under a system of flexible exchange rates, this would tend to: A) cause the dollar to depreciate in value. B) cause the dollar to appreciate in value. C) decrease the U.S. balance of payments.
Q12. In a flexible exchange rate system, exchange rates are determined by: A) the total value of the country's gold reserves. B) supply and demand in the currency market. C) governmental fiat.
Q13. Under a system of flexible exchange rates, a decrease in the foreign demand for a nation’s currency will cause the nation’s: A) currency to depreciate in value. B) currency to appreciate in value. C) consumer prices to increase, in terms of foreign currencies.
Q14. Depreciation in the value of the U.S. dollar on the foreign exchange market will: A) make U.S. exports cheaper to foreigners. B) make imports less expensive for U.S. consumers. C) cause the U.S. to run a balance of payments surplus in the long run.
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发表于 2009-1-13 14:05
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