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ECON 202 Test

Enter the letter for the matching Answer
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1.
Why would you choose and fixed exchange rate? What would you have to give up in exchange?
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2.
Floating (flexible) exchange rate:
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3.
Appreciation of exchange rate
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4.
Depreciation of exchange rate
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5.
What does the exchange rate affect?
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6.
What factors affect exchange rate?
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7.
What is Trilemma of International Macroeconomics?
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8.
What are the 3 policy goals of Trilemma of International Macroeconomics?
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9.
Demand of Dollar in the Yen-Dollar Market
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10.
Fixed (pegged) exchange rate:
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11.
Supply of Dollar in the Yen-Dollar Market
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12.
How does exchange rate fluctuate with expansionary monetary policy at home country?
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13.
Why would you choose a floating exchange rate? What would you have to give up in exchange?
A.
fixed exchange rate, independent monetary policy, free capital mobility
B.
value of currency determined by forces of Supply and Demand, gov. makes no attempt to fix it
C.
US imports from Japan, US purchases of Japanese assets
D.
value of currency set by official gov. policy, gov. intervention needed to maintain fixed rate
E.
eliminate volatility in exchange rate, but have to give up either independent monetary policy or free capital mobility
F.
Can have effective monetary policy, but have to deal with uncertainty in exchange rate
G.
inflation, economic outlook, political unrest, etc highly sensitive to monetary policy actions
H.
Says that all 3 policy goals can not be met at the same time
I.
money gains value, favored in exchange
J.
relative rices of goods/services/assets in dif. countries, balance and capital flow
K.
money loses value, not favored in exchange
L.
Japan Imports from US, Japanese purchases of US assets
M.
lower interest rate at home makes home investment less attractive, demand for home currency decreases, home currency depreciates, export more/ import less/ help boost aggregate demand
Type the Question that corresponds to the displayed Answer.
incorrect
14.
the price at which one currency trade for another

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