Stack the exchange rate terms

Exercise and reference answers

Questions

1. Answer

   Appreciates

   Question

   The currency strengthens.

   Choices

   1. Appreciates
   2. Depreciates

2. Answer

   Depreciates

   Question

   The currency weakens.

   Choices

   1. Depreciates
   2. Appreciates

3. Answer

   Floating

   Question

   The market sets the rate.

   Choices

   1. Floating
   2. Hard peg

4. Answer

   Hard peg

   Question

   Held fixed at all times.

   Choices

   1. Hard peg
   2. Floating

5. Answer

   Arbitrage

   Question

   Profit from cross-border price gaps.

   Choices

   1. Arbitrage
   2. Arbitration

6. Answer

   A peg

   Question

   What intervention establishes.

   Choices

   1. A peg
   2. A tariff

7. Answer

   Depreciated

   Question

   What the dollar did to 2008.

   Choices

   1. Depreciated
   2. Appreciated

Instructions

Tap the right answer to add a block. Too many mistakes and the tower falls.

Explanation