题目内容

If the real exchange rate for the dollar is above the equilibrium level, the quantity of dollars supplied in the foreign-currency exchange market is ()

A. greater than the quantity demanded and the dollar will appreciate.
B. greater than the quantity demanded and the dollar will depreciate.
C. less than the quantity demanded and the dollar will appreciate.
D. less than the quantity demanded and the dollar will depreciate.

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If the US government imposes an import quota on French wine, US net exports will ()

A. increase, the real exchange rate of the dollar will appreciate, and domestic sales of US wine will increase.
B. not change, the real exchange rate of the dollar will appreciate, and domestic sales of US wine will increase.
C. not change, the dollar will depreciate, and domestic sales of US wine will not change.
D. None of the above is correct.

Suppose that the government of Jordan raises its budget deficit. The real exchange rate of the Jordanian dinar ()

A. depreciates and Jordanian net exports would rise.
B. depreciates and Jordanian net exports would fall.
C. appreciates and Jordanian net exports rise.
D. appreciates and Jordanian net exports fall.

Suppose the same basket of goods costs $100 in the US and 50 pounds in Britain. According to purchasing power parity, what is the nominal exchange rate? ()

A. 2 pounds per dollar
B. 1 pound per dollar
C. 1/2 pound per dollar
D. None of the above is correct

At a given real exchange rate, which of the following, by itself, would increase the supply of dollars in the market for foreign-currency exchange? ()

A. foreign citizens buy more US bonds
B. US citizens buy more foreign bonds
C. foreign citizens buy more US goods
D. US citizens buy more foreign goods

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