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41. Depreciation of the dollar means that a) the value of the dollar has increased b) the value of foreign exchange has decreased c) fewer dollars are required to purchase foreign exchange d) more dollars are required to purchase foreign exchange. e) the balance of payments has decreased.

41. Depreciation of the dollar means that a) the value of the dollar has increased b) the value of foreign exchange has decreased c) fewer dollars are required to purchase foreign exchange d) more dollars are required to purchase foreign exchange. e) the balance of payments has decreased.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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+ e) never close 41. Depreciation of the dollar means that: a) the value of the dollar has increased b) the value of foreign exchange has decreased c) fewer dollars are required to purchase foreign exchange. d) more dollars are required to purchase foreign exchange. e) the balance of payments has decreased. 42. The demand for foreign exchange is: a) downward sloping. b) upward sloping c) horizontal, because no individual country can influence the price of foreign exchange. d) vertical, because no individual country can influence the price of foreign exchange. e) dependent on the supply of foreign exchange. 43. Which of the following would not be included in the balance of payments? a) Greenpeace send funds from the U.S. to New Zealand to use in maintaining its ship the "Rainbow Warrior" b) French intelligence agents buy supplies in New Zealand to bomb the Rainbow Warrior c) a family from Kansas vacations in Canada d) Cocaine from Columbia is sold in Miami e) a homesick Englishman in Oregon has chutney shipped from his home town in Kent 44. The Bretton Woods system: a) fixed exchange rates in terms of U.S. dollars. b) fixed exchange rates in terms of all major currencies. c) fixed exchange rates in terms of gold. d) established a system of flexible exchange rates. e) established a system of floating exchange rates, 45. A Special Drawing Right is: a) a paper substitute for gold, issued by the Federal Reserve Bank. b) a paper substitute for gold, issued by the IMF. c) an international currency that governments use when purchasing goods from abroad. d) an international currency that private citizens use when purchasing goods from abroad. e) issued by the World Bank and used by Third World nations to repay debt.
Transcribed Image Text:+ e) never close 41. Depreciation of the dollar means that: a) the value of the dollar has increased b) the value of foreign exchange has decreased c) fewer dollars are required to purchase foreign exchange. d) more dollars are required to purchase foreign exchange. e) the balance of payments has decreased. 42. The demand for foreign exchange is: a) downward sloping. b) upward sloping c) horizontal, because no individual country can influence the price of foreign exchange. d) vertical, because no individual country can influence the price of foreign exchange. e) dependent on the supply of foreign exchange. 43. Which of the following would not be included in the balance of payments? a) Greenpeace send funds from the U.S. to New Zealand to use in maintaining its ship the "Rainbow Warrior" b) French intelligence agents buy supplies in New Zealand to bomb the Rainbow Warrior c) a family from Kansas vacations in Canada d) Cocaine from Columbia is sold in Miami e) a homesick Englishman in Oregon has chutney shipped from his home town in Kent 44. The Bretton Woods system: a) fixed exchange rates in terms of U.S. dollars. b) fixed exchange rates in terms of all major currencies. c) fixed exchange rates in terms of gold. d) established a system of flexible exchange rates. e) established a system of floating exchange rates, 45. A Special Drawing Right is: a) a paper substitute for gold, issued by the Federal Reserve Bank. b) a paper substitute for gold, issued by the IMF. c) an international currency that governments use when purchasing goods from abroad. d) an international currency that private citizens use when purchasing goods from abroad. e) issued by the World Bank and used by Third World nations to repay debt.
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