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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. Largest market in the world - 24 hour buying and selling currencies takes place - no central headquarters
European Union
a company becomes multinational when...
exchange rate
FX Market
2. Relations between 1 economy and others around the world
short on currency
Bank for International Settlements
Interdependence
World Bank
3. Refers to how much quantity of product/service is desired by the buyer
European Union
supply and demand (demand)
hard currency
supply and demand (supply)
4. A government tax on imports or exports - also called duty
European Union
a company becomes multinational when...
FX Market
tariff
5. Rate the government sets and keeps as the official exchange rate
Interdependence
currency
exchange rate
fixed exchange rate
6. 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
floating exchange rate
a company becomes multinational when...
World Trade Organization
World Bank
7. Sell
long on currency
tariff
put
Group of 7 (G7-G8)
8. Established Januaray 1 - 1995 - only global international organization that deals with rules of trade between nations
World Trade Organization
long on currency
a company becomes multinational when...
hard currency
9. In Switzerland - bank for central banks provides broad range of financial services - deals with value of currencies and Who is trading with whom
Group of 7 (G7-G8)
Bank for International Settlements
long on currency
when there is too much $
10. Trader purchases a lot of currency
tariff
Interdependence
long on currency
a company becomes multinational when...
11. The rate at which one currency can be exchanged for another
long on currency
FX Market
European Union
exchange rate
12. A generally excepted form of money
hard currency
currency
fixed exchange rate
when there is not enough $
13. Began 1961 has 15 countries - euro in all 15 countries exchange and services and the right to work in other countries
long on currency
Bank for International Settlements
World Trade Organization
European Union
14. Developed countries money (america - england - japan)
exchange rate
fixed exchange rate
supply and demand (supply)
hard currency
15. Founded in 1944 - international organization of 183 countries - promotes money cooperation
floating exchange rate
International Monetary Fund
tariff
supply and demand (demand)
16. When the headquarters/parent of the company is effectively owned in 2 or more countries
European Union
a company becomes multinational when...
when there is not enough $
put
17. Sluggish economic growth - rising unemployment
when there is not enough $
Bank for International Settlements
call
currency
18. Started in 1975 - group of developed countries (US - Germany - France - Great Britan - Italy) Russia wants to join which would make it G8
Group of 7 (G7-G8)
fixed exchange rate
World Trade Organization
International Monetary Fund
19. Trader sells a lot of a currency
when there is not enough $
International Monetary Fund
Trade Bloc
short on currency
20. Developing countries money (mexico - madagascar - Egypt)
tariff
Interdependence
soft currency
International Monetary Fund
21. Agreement where countries agree to trade together not illegal documents
soft currency
currency
Trade Bloc
floating exchange rate
22. Buy
soft currency
fixed exchange rate
call
when there is too much $
23. A difference in the supply and demand will automatically be fixed in the market
International Monetary Fund
floating exchange rate
Bank for International Settlements
World Bank
24. Inflation - value of money declines - prices rise
floating exchange rate
when there is too much $
Trade Bloc
short on currency
25. Represents how much the market can offer
floating exchange rate
supply and demand (demand)
long on currency
Bank for International Settlements