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