Study Game - Topic 6.3Online version The Foreign Exchange Market by Zachary Foust 1 The price of a Japanese-made pen in Japan is ¥500. If at the current exchange rate a German buyer can buy the pen in Japan for €100, then which of the following is the exchange rate between the two currencies? a 5 euros per yen b 500 euros per yen c 0.2 yen per euro d 5 yen per euro 2 The table gives the number of Japanese yen needed to buy a United States dollar ($) and the number of Japanese yen needed to buy a euro (€). Given the currency values, which of the following must be true? a It takes more dollars than euros to buy the yen. b One euro is worth $0.50. c One yen is worth $100. d The yen has depreciated. 3 Suppose that the exchange rate between the United States dollar ($) and the Thai currency, baht (฿) , is ฿1.00 = $0.05. Leticia wants to buy a ฿600.00 souvenir from Thailand. What is the souvenir’s price in dollars? a $0.05 b $1.00 c $30.00 d $600.00 4 The table shows the exchange rate for the British pound against the dollar and the euro € in 2015 and 2018. Which of the following is true? a The dollar has depreciated against the British pound. b The British pound has depreciated against the dollar. c The British pound has appreciated against the dollar. d The British pound has depreciated against the euro. 5 The exchange rate for one Qatari riyal was 0.5 Turkish lira in 2012, and it increased to 1.25 Turkish lira in 2018. Which of the following is true about the value of the Turkish lira in 2018 ? a 1 Turkish lira = 2 Qatari riyal, and the Turkish lira appreciated. b 1 Turkish lira = 1.75 Qatari riyal, and the Turkish lira appreciated. c 1 Turkish lira = 1.25 Qatari riyal, and the Turkish lira depreciated. d 1 Turkish lira = 0.8 Qatari riyal, and the Turkish lira depreciated.
New game