Team 1
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Team 2
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Teams
Name
Score
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15
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8. What is the definition of foreign exchange rate?
C
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15
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4. Which factor would cause a country’s exchange rate to fall?
A
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×
heart
Other team wins 25 points!
Oops!
×
seesaw
Swap points!
Okay!
×
shark
Other team loses 5 points!
Okay!
×
thief
Give points!
5
10
15
20
25
×
thief
Give points!
5
10
15
20
25
×
shark
Other team loses 10 points!
Okay!
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rocket
Go to first place!
Okay!
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baam
Lose 20 points!
Oops!
15
×
10. What is an immediate effect for a country of a fall in its foreign exchange rate?
D
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15
×
6. What would increase the demand for a country’s currency on the foreign exchange market?
C
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trap
No points!
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rocket
Go to first place!
Okay!
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fairy
Take points!
5
10
15
20
25
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banana
Go to last place!
Oops!
15
×
7. What is an advantage of a floating exchange rate for an economy?
A
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×
banana
Go to last place!
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×
seesaw
Swap points!
Okay!
×
rocket
Go to first place!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
9. What is most likely to result from a reduction in the value of a country’s currency if there are no other changes in the economy?
C
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15
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1. What is most likely to cause the demand curve for US dollars to shift from D1 to D2?
B
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15
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5. What will be the new price of the product in the US?
B
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15
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3. How might it affect the US dollar?
C
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15
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2. What is the new equilibrium point?
B
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