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True or False
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1
An intervention currency is part of a country's reserve that it uses to affect the foreign currency exchange market value of its own currency.
A)True
B)False
2
In the exchange rates listed in The Wall Street Journal, if to the right of the quotation, Japan (yen .008409), you see the figure 118.9202, that means US$1 costs 118.9202 Japanese yen.
A)True
B)False
3
If one Japanese yen costs less than one U.S. cent, it means that items automatically cost less in Japan than they do in the U.S.
A)True
B)False
4
The currency controls of many of the world's developing countries have been dropped to encourage trade.
A)True
B)False
5
Because it would be unfair to domestic buyers, governments do not offer lower interest rate financing to foreign buyers.
A)True
B)False





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