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Foreign Trade And Exchange Vocab

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. Began 1961 has 15 countries - euro in all 15 countries exchange and services and the right to work in other countries






2. A generally excepted form of money






3. Agreement where countries agree to trade together not illegal documents






4. Trader purchases a lot of currency






5. Inflation - value of money declines - prices rise






6. In Switzerland - bank for central banks provides broad range of financial services - deals with value of currencies and Who is trading with whom






7. Relations between 1 economy and others around the world






8. A difference in the supply and demand will automatically be fixed in the market






9. Sluggish economic growth - rising unemployment






10. Established Januaray 1 - 1995 - only global international organization that deals with rules of trade between nations






11. Represents how much the market can offer






12. Founded in 1944 - international organization of 183 countries - promotes money cooperation






13. Trader sells a lot of a currency






14. Developing countries money (mexico - madagascar - Egypt)






15. Refers to how much quantity of product/service is desired by the buyer






16. Developed countries money (america - england - japan)






17. Started in 1975 - group of developed countries (US - Germany - France - Great Britan - Italy) Russia wants to join which would make it G8






18. Largest market in the world - 24 hour buying and selling currencies takes place - no central headquarters






19. Rate the government sets and keeps as the official exchange rate






20. A government tax on imports or exports - also called duty






21. When the headquarters/parent of the company is effectively owned in 2 or more countries






22. Buy






23. 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






24. Sell






25. The rate at which one currency can be exchanged for another







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