If it used to take $2 to buy a Swiss franc and now it takes $1.50 to buy a Swiss franc, then（）
A. the dollar must have appreciated
B. the franc must have appreciated
C. the fed must have intervened in the exchange markets
D. the value of Swiss francs must have increased
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On your first day at work, your boss tells you to call the bank and get the bid and the ask for British pounds. Having just returned from studying in London, you know that the exchange rate should be
A. She didn’t understand your question
B. The bid is 0.579 and the ask is 0.585
C. The ask is 0.579 and the bid is 0.585
D. The bid is 1.2579 and the ask is 1
The market price of one currency in terms of another currency is also known as（）
A. the exchange rate between those currencies
B. the future rate between those currencies
C. the spot market
D. the value of arbitrage
When international banks conduct daily trades of different currencies valuing in the millions of dollars（）
A. they are using the spot market
B. they are using the forward market
C. they are using the futures market
D. they are using the stock markets
A debit entry in the balance of payments system could be from which of the following（）
A. a payment from abroad received by a domestic resident
B. a payment made while abroad by a domestic resident
C. a decrease in the current account deficit
D. an increase to the capital account surplus
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