If the exchange rate is 11 Mexican pesos per U.S dollar, then it takes _______ to buy 1 peso?

Related Mcqs:

Expansionary monetary policy ?

A. tends to lead to an appreciation of a nation’s currency B. tends to lead to a depreciation of a nation’s currency C. usually has no effect on a currency’s exchange value D. tends to lead to a depreciation of the currencies of other nations...

Suppose there occurs an increase in the Canadian demand for Japanese computers This results in a (an) ?

A. increase in the demand for yen B. decrease in the demand for yen C. increase in the supply of yen D. decrease in the Supply of yen...

An important feature of a _______ is that the holder has the right but not the obligation to buy or sell currency ?

A. Swap B. foreign exchange arbitrage C. foreign exchange option D. futures market contract...

If the Bank of England reduces the money supply to reduce inflation a floating exchange rate will aid the Bank of England in fighting inflation because ?

A. as the money supply is decreased the interest rate will increase and the price of UK exports will rise and the Price of UK imports will fall B. as the money supply is decreased the interest rate will increase, and the price of UK exports will fall and the price of UK imports will … If the Bank of England reduces the money supply to reduce inflation a floating exchange rate will aid the Bank of England in fighting...

Under a system of floating exchange rates there is a general tendency for ?

A. exchange rates to be insensitive to the differential rates of inflation between countries B. the currencies of relatively high-inflation countries to depreciate C. the currencies of relatively high inflation countries to appreciate D. the currencies of relatively low inflation countries to depreciate...