Floating Exchange Rate: Definition & Examples

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 influences the value of a country's currency that uses a floating exchange rate?

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1. If country A's currency is stronger than that of country B, which of the following statements is TRUE?

2. If country M's currency is worth 95 cents and country N's currency is worth $1, then which of the following is TRUE?

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About This Quiz & Worksheet

Use these interactive study resources to determine how much you know about a floating exchange rate. Topics on the quiz include a way in which a country's currency is influenced and the comparison of the currency of two countries where one's currency is stronger than the other's.

Quiz & Worksheet Goals

Answer questions on:

  • The exchange rate's impact of exports and imports
  • Value of a currency in a floating exchange system
  • Ways of minimizing risk for a business's currency exchanges

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on a floating exchange rate
  • Distinguishing differences - compare and contrast topics from the lesson, such as the strength of one country's currency and how that makes it different from the value of another country's currency
  • Information recall - access the knowledge you've gained regarding how a business can reduce risk with regard to currency exchanges

Additional Learning

Follow along in the lesson called Floating Exchange Rate: Definition & Examples for more on these areas of discussion:

  • What a floating exchange rate is
  • How a fixed exchange rate works
  • Difference between imports and exports
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