The demand for currency is considered（）
A. derived because it is determined by the demand for international purchases
B. linear because it is determined by forces that move so quickly
C. derived because demand is a function of the government’s intervention in currency markets
D. relative because it is determined by exogenous variables
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The advantage of an effective exchange rate is（）
A. it gives us an accurate gauge for the strengthening or weakening of a currency
B. it uses a weighted average of bilateral exchanges based on the country’s trading partners
C. unreliable because its using different weights to reflect trade flows
D. A and B
The risk that results from converting the value of foreign-denominated assets into a common currency is called（）
A. translation exposure
B. transaction exposure
C. foreign exposure
D. economic exposure
Which of the following exchange rates account for changes in price levels between two nations（）
A. bilateral exchange rates
B. nominal exchange rates
C. real exchange rates
D. forward exchange rates
Suppose an individual firm is comparing two investments, a one year bond from a U.S. firm paying 4% or a one year bond from a German firm which is paying 6%. The current dollars-per-euro rate is 0.75,
A. The U.S. Bond
B. The German Bond
C. They will have the same return
D. This cannot be determined from the information given
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