Currencies And Exchange Rates

The chart below shows an exchange rate table. In this table, the reference currency is the: US dollar. Swiss franc. Japanese yen. euro.

Which statements accurately describe a country's currency? Select all that apply. The currency is easily divisible. The currency can be used in any other country. The currency has a value that can change. The currency has denominations. The currency has a value that must stay the same.

Who decides which currency each country in the world uses? the United Nations each individual country the European Union the United States

The chart below shows an exchange rate table. On April 3, 2013, one euro could be exchanged for about how many Japanese yen? 1 119 2 121

What is an example of a country that makes use of another nation's currency? France Germany Panama Mexico

There would be no separation between one country's economy and another's if the entire world: shared the same currency. chose paper currency over coins. eliminated denominations for currency. agreed to use only two types of currency.

Read this news report about a planned devaluation of the bolivar, the currency of Venezuela. The president of Venezuela announced that the country would be devaluating the bolivar for the fifth time in nine years. The official rate is falling from 4.3 bolivars to the dollar, to 6.3, a 32% devaluation. By increasing the bolivar value of exports of oil to the US and other nations, the government hopes to alleviate a budget crisis caused by its increasing reliance on borrowing to meet spending obligations. In response to the announcement, the people of Venezuela lined up today to buy televisions, electronics, and airline tickets in order to protect themselves from projected price increases. By devaluating the bolivar, the president of Venezuela has: followed the law of supply and demand. allowed the exchange rate to remain unchanged. increased the number of bolivars needed to buy one dollar. decreased the number of bolivars needed to buy one dollar.

The graph below shows the value of the US dollar versus the Canadian dollar. For the time period shown, the value of the US dollar was generally: rising against the Canadian dollar. falling against the Canadian dollar. more than twice that of the Canadian dollar. about half that of the Canadian dollar.

The chart below shows an exchange rate table. Which statement accurately interprets the information on the chart? Japan's currency shows that it has the strongest economy of any country. The value of each currency is shown in relation to the US dollar. It would take six British pounds to purchase one US dollar. Swiss francs are the strongest currency in Europe.

Read this news report about a planned devaluation of the bolivar, the currency of Venezuela. The president of Venezuela announced that the country would be devaluating the bolivar for the fifth time in nine years. The official rate is falling from 4.3 bolivars to the dollar, to 6.3, a 32% devaluation. By increasing the bolivar value of exports of oil to the US and other nations, the government hopes to alleviate a budget crisis caused by its increasing reliance on borrowing to meet spending obligations. In response to the announcement, the people of Venezuela lined up today to buy televisions, electronics, and airline tickets in order to protect themselves from projected price increases. Venezuelans started buying items immediately because of their fear of: rising inflation. price deflation. declining inflation. increased imports.