Sample Questions
 

 

1. Which exchange-rate system does not require monetary reserves for official exchange-rate intervention?

A. Floating exchange rates

B. Pegged exchange rates

C. Managed floating exchange rates

D. Dual exchange rates


2. The Euro is _______

A. the currency of EU member countries.

B. a weighted average of the currencies of EU member countries.

C. a currency, the value of which is determined by demand and supply.

D. a currency that is only traded offshore.


3. Treasury Bonds are

A. Both a store of value and a medium of exchange.

B. A store of value, but not a medium of exchange

C. A medium of exchange, but not a store of value.

D. Neither a store of value nor a medium of exchange


4. AWB means ____________.

A. Air Way Bill

B. Aero Way Bond

C. Acid Water Bus

D. Air Water Borne


5. FOB means ____________.

A. Free on Board

B. Free on Bus

C. First on Bail

D First on Board




Answers:      1 (A), 2 (C), 3 (B), 4 (A), 5 (A)


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