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