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Test your basic knowledge |
Foreign Trade And Exchange Vocab
Start Test
Study First
Subjects
:
business-skills
,
industries
Instructions:
Answer 25 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. The rate at which one currency can be exchanged for another
exchange rate
a company becomes multinational when...
soft currency
FX Market
2. Inflation - value of money declines - prices rise
floating exchange rate
European Union
when there is too much $
FX Market
3. Founded in 1944 - international organization of 183 countries - promotes money cooperation
Bank for International Settlements
fixed exchange rate
International Monetary Fund
long on currency
4. Began 1961 has 15 countries - euro in all 15 countries exchange and services and the right to work in other countries
European Union
long on currency
Bank for International Settlements
World Trade Organization
5. A government tax on imports or exports - also called duty
hard currency
short on currency
tariff
supply and demand (demand)
6. Relations between 1 economy and others around the world
exchange rate
European Union
Interdependence
when there is too much $
7. Trader sells a lot of a currency
fixed exchange rate
Trade Bloc
hard currency
short on currency
8. Agreement where countries agree to trade together not illegal documents
Trade Bloc
FX Market
tariff
put
9. A generally excepted form of money
currency
Trade Bloc
put
hard currency
10. Largest market in the world - 24 hour buying and selling currencies takes place - no central headquarters
short on currency
FX Market
fixed exchange rate
put
11. Founded in 1944 helps poorest people in the poorest countries - provides resources - shares knowledge - builds capacity in developing countries - tries to organize people and resources of country so they can be involved in the global market place
long on currency
World Bank
when there is not enough $
soft currency
12. Sluggish economic growth - rising unemployment
currency
supply and demand (demand)
floating exchange rate
when there is not enough $
13. In Switzerland - bank for central banks provides broad range of financial services - deals with value of currencies and Who is trading with whom
hard currency
long on currency
European Union
Bank for International Settlements
14. Started in 1975 - group of developed countries (US - Germany - France - Great Britan - Italy) Russia wants to join which would make it G8
FX Market
World Trade Organization
Group of 7 (G7-G8)
supply and demand (supply)
15. Represents how much the market can offer
supply and demand (demand)
a company becomes multinational when...
World Trade Organization
when there is too much $
16. When the headquarters/parent of the company is effectively owned in 2 or more countries
a company becomes multinational when...
World Trade Organization
currency
soft currency
17. Sell
European Union
put
Bank for International Settlements
FX Market
18. Developing countries money (mexico - madagascar - Egypt)
soft currency
long on currency
supply and demand (demand)
Trade Bloc
19. Buy
World Bank
exchange rate
call
currency
20. A difference in the supply and demand will automatically be fixed in the market
International Monetary Fund
put
short on currency
floating exchange rate
21. Refers to how much quantity of product/service is desired by the buyer
floating exchange rate
supply and demand (supply)
put
short on currency
22. Established Januaray 1 - 1995 - only global international organization that deals with rules of trade between nations
International Monetary Fund
World Trade Organization
fixed exchange rate
tariff
23. Rate the government sets and keeps as the official exchange rate
World Trade Organization
floating exchange rate
fixed exchange rate
supply and demand (supply)
24. Trader purchases a lot of currency
exchange rate
European Union
hard currency
long on currency
25. Developed countries money (america - england - japan)
hard currency
long on currency
exchange rate
FX Market