Complete the currency rules
Exercise and reference answers
- Missing parts
- Answer
- appreciate
- Choices
- appreciate
- depreciate
- evaporate
- Answer
- floating
- Choices
- floating
- pegged
- fixed
- Answer
- arbitrage
- Choices
- arbitrage
- arbitration
- amortisation
- Complete the statement
- A strengthening currency is said to {0}, a market-set rate is called {1}, and profiting from cross-border price gaps is {2}.
- Instructions
- Tap a word for each blank to complete the sentence.
Explanation
_Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 15 'Exchange Rates and International Capital Flows'_