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Test Bank International Money and Finance, 8th Edition by Michael Melvin A+
- From Business, General Business
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- If the price of Japanese yen in terms of U.S. dollars is $0.01/yen, then the price of U.S. dollar in terms of Japanese yen is equal to ___________.
- 0.01 yen per dollar
- 10.0 yen per dollar
- 100 yen per dollar
- 110 yen per dollar
ANSWER: C
- The __________ exchange rate is the price for “immediate” currency exchange.
- Current
- Forward
- Future
- Spot
ANSWER: D
- A trader makes profit by buying a currency at a low price in one market and immediately selling it in another market. This activity is called:
- Speculation
- Arbitrage
- Hedging
- Squaring off
ANSWER: B
- Suppose the dollar price of Thai baht (THB) is $0.025/THB. Thai Airways purchases a $10 million airplane from Boeing. This airplane would cost ___________ Thai
Available Answer
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