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- Under a flexible exchange rate system, a decrease in the value of a domestic currency in terms of foreign currencies is referred to as an appreciation. a depreciation. a devaluation. a revaluation.An appreciation of the dollar against all currencies in the foreign exchange market would result in all of the following, except: a) a decrease in the dollar prices paid by U.S. importers. b) an increase in the cost of vacations in Florida for Japanese tourists. c) foreign holidays for U.S. residents to be less expensive. d) an increase in the foreign currency prices paid for U.S. exports. e) an increase in the demand for U.S. exports.Changes in the value of a nation's currency affect the nation's net exports, and thus GDP. How might this make a large country, like the U.S., more willing to adopt a flexible exchange rate regime than a small country, like Belgium.
- An exchange rate is best described as? A)The price of goods in terms of a foreign currencyB)The price of one nation's currency in terms of another'sC)The amount of currency you need to buy a Big MacD)The rate at which goods are exchanged between two countriesCurrency traders expect the dollar to depreciate. What impact will this have on equilibrium in the foreign exchange market? The dollar will appreciate, and the equilibrium quantity of dollars will decrease. The dollar will depreciate, and the equilibrium quantity of dollars exchanged will decrease. The dollar will appreciate, and the equilibrium quantity of dollars will increase. The dollar will depreciate, and the change in the equilibrium quantity of dollars exchanged cannot be determined.Suppose the U.S.-EU exchange rate is $1.15 per Euro, the U.S. has 5% inflation, and the EU has 10% inflation. Under these conditions the real U.S.-EU exchange rate, rounded to the nearest cent, is approximately: $1.20 per Euro $1.10 per Euro $1.30 per Euro $1.09 per Euro
- If a small country, such as Argentina, attempts to fix its currency exchange rate with the United States, its inflation rate must be higher than the U.S. inflation rate. its interest rates will move together with the U.S. interest rates. its currency value relative to the U.S. dollar will fluctuate over time. its central bank will have full flexibility in monetary policy actions. it must restrict the flow of funds with the United States.a nation's currency is said to appreciate when exchange rates change so that a unit of its currency can buy more units of foreign currency. true or falseConsider the following open economy. The real exchange rate is fixed and equal to one. Consumption, investment, government spending, and taxes are given by:C = 8 + 0.6(Y - T), I = G = T = 0.Imports/ exports are given by:Q = 0.4Y, X = 0.4Y*,where an asterisk denotes a foreign variable a. If the domestic government increases spending by 6 units (i.e., G increases from 0 to 6), the equilibrium output in the domestic country will increase by ____. and the trade balance will ________ (increase/decrease) by _____. b. Assume the foreign economy has the same equations as the domestic economy. Both governments consider the impact of the other country on the domestic economy. If the domestic government increases spending by 6 units as in b) and G=0 in the foreign country, the equilibrium output in the domestic country increases by _______ units, and the trade balance in equilibrium is _____. c. Please compare answer a) and b) regarding the equilibrium output and explain the difference.
- Which of the following news headlines is most likely to strengthen a country's currency in the short-term? "Political Instability Mounts with Protests and Demonstrations" "Trade Surplus Reaches Record High, Exceeding Expectations" "Fitch Upgrades Country's Credit Rating to AAA"If a currency has a fixed exchange rate, Group of answer choices other currencies cannot be exchanged for the pegged currency. a country's trade balance will remain constant. it is not subject to the forces of supply and demand. the country's central bank must respond to market pressures to maintain the peg.Who would demand U.S. dollars in the foreign exchange market? U.S. firms and households wishing to purchase foreign goods and services Foreigners wishing to purchase U.S goods and services U.S. households wishing to purchase U.S. goods and services
