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True or False Quiz
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1
A market for converting the currency of one country into that of another is referred to as foreign exchange market.
A)True
B)False
2
A global network of banks, brokers, and foreign exchange dealers connected by electronic communications is referred to as the foreign exchange market.
A)True
B)False
3
Being a 24-hour-a-day market is one distinguishing feature of the foreign exchange market.
A)True
B)False
4
At the most basic level, exchange rates are determined by the desire of a government to sell its currency at a particular price.
A)True
B)False
5
With the globalization trends, tourists, not the companies engaged in international trade and investment, are the major participants in the foreign exchange market.
A)True
B)False
6
A short-term movement of funds from one currency to another in the hopes of profiting, is called currency speculation.
A)True
B)False
7
The Canadian dollar is immune to speculation.
A)True
B)False
8
According to PPP Theory, an Efficient Market has impediments.
A)True
B)False
9
Efficient markets are markets in which few impediments to international trade and investment exist.
A)True
B)False
10
A currency is said to be externally convertible when the government allows both residents and nonresidents to purchase unlimited amounts of a foreign currency with it.
A)True
B)False
11
Countertrade can make sense when a country's currency in nonconvertible.
A)True
B)False





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