Title: Currency Valuation
Course: Demo 1

Q: The medium of exchange, or money used in a country, is its ________.
- exchange rate
- Note
- currency
A: currency

Q: Shopping online you find a new pair of running shoes that is a brand you have purchased before. They are offered for 1,500 Thai baht. You check the exchange rate and find that the current exchange rate for the baht is $.03 bahts per dollar. What is the price for the shoes in U.S. dollars?
- $4.50
- $450.00
- $45.00
A: $45.00

Q: When the Japanese yen goes up relative to the U.S. dollar:
- Japanese goods will be cheaper for U.S. citizens
- U.S. citizens will receive more Japanese yen for each dollar they exchange
- Japanese goods will be more expensive for U.S. citizens
A: Japanese goods will be more expensive for U.S. citizens

Q: When the Argentine peso goes down relative to the U.S. dollar:
- Argentine goods will be cheaper for U.S. citizens
- U.S. citizens will receive more Argentine pesos per each U.S. dollar
- Argentine goods will be more expensive for U.S. citizens
A: Argentine goods will be cheaper for U.S. citizens; U.S. citizens will receive more Argentine pesos per each U.S. dollar

Q: You are selling an autographed Steve Nash rookie basketball card online for $170. A potential buyer contacts you and offers to pay you $170 Canadian dollars. You quickly check and find the exchange rate is $1 U.S. to $1.25 Canadian. If you take this deal, you will have returned Steve to his homeland and:
- Earned more than if you accept $170 U.S.
- Come out financially equal
- Earned less than if you accept $170 U.S.
A: Earned less than if you accept $170 U.S.