practice round 1
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | the price of one currency in terms of another currency; for example, if the exchange rate for the Euro (€) is 132 Yen (¥), that means that each Euro that is purchased will cost 132 yen.
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| show | a market in which one currency is exchanged for another currency; for example, in the market for Euros, the Euro is being bought and sold, and is being paid for using another currency, such as the yen.
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| show | a description of the willingness to buy a currency based on its exchange rate; for example, as the exchange rate for Euros increases, the quantity demanded of Euros decreases.
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| appreciate | show 🗑
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| show | when the value of a currency decreases relative to another currency; a currency depreciates when you need less of another currency to buy a single unit of a currency.
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| floating exchange rates | show 🗑
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| Current Account | show 🗑
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| show | Focuses on the change in assets. (When someone outside the US buys assets in the US/When a US citizen buys foreign assets.)
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| Full balance of payments equation | show 🗑
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| show | In China, imports of US goods will decrease (US goods are more expensive for the Chinese). In the US, imports of Chinese goods will increase (Chinese goods are cheaper)
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| show | an economy that allows the exchange of both goods and assets with other countries
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| show | The aggregate demand curve slopes downward because at a higher price level the purchasing power of consumers' wealth declines and consumption decreases.
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| Velocity of money | show 🗑
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| Equation for the velocity of money | show 🗑
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| Money neutrality | show 🗑
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| Monetarism | show 🗑
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| show | a mathematical identity that describes the relationship between the money supply and nominal GDP
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| the quantity theory of money | show 🗑
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| show | the use of the money supply to influence macroeconomic aggregates, such as output, inflation, and unemployment
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| show | monetary policy designed to increase aggregate demand, increase output, and decrease unemployment;
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| show | monetary policy designed to decrease aggregate demand, decrease output, and increase unemployment
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| show | the buying and selling of securities, such as bonds, by a central bank to change the money supply
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
watsonfamily
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