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True or False
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1

True or False? In a floating exchange rate system, monetary officials will buy and sell a currency in order to keep its exchange rate in an officially stipulated band.
A)TRUE
B)FALSE
2

True or False? It is frequently possible for individuals to go to their local bank and carry out transactions so as to profit from triangular arbitrage.
A)TRUE
B)FALSE
3

True or False? The terms "devaluation" and "revaluation" pertain to changes in the price of a currency in a floating-rate exchange rate system.
A)TRUE
B)FALSE
4

True or False? China, Saudi Arabia, Egypt, and Hong Kong all have currencies that are fixed to the U.S. dollar.
A)TRUE
B)FALSE
5

True or False? The dollar is often called a vehicle currency.
A)TRUE
B)FALSE





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