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Exchange Rate: Determination and Conversion Across Countries

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following statements regarding an exchange rate is not true?

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1. All of the following are types of exchange rates that countries can use, except:

2. Which exchange rate would most likely be used for a good or service that will be delivered at a future date?

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About This Quiz & Worksheet

This quiz/worksheet combo can help you assess your understanding of exchange rates and the properties they possess.

Quiz & Worksheet Goals

Use these assessment tools to check your knowledge of:

  • The different types of exchange rates
  • The truth about exchange rates
  • International currency

Skills Practiced

This quiz and worksheet combo can help you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related exchange rate lesson
  • Information recall - access the knowledge you have gained regarding international currency
  • Distinguishing differences - compare and contrast topics from the lesson, such as the different kinds of exchange rates

Additional Learning

To learn more about exchange rates, review the corresponding lesson Exchange Rates: Determination and Conversion Across Countries. This lesson will help you:

  • Define exchange rate
  • Learn the differences between fixed and flexible exchange rates
  • Identify the properties of a partially flexible exchange rate
  • Calculate conversion problems
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