You Check the Yahoo

question 13

Multiple Choice

You check the Yahoo.com currency web page and find that the Japanese yen is trading at a rate of
113 yen per dollar. This rate of exchange is typically referred to as the ________.

• A) forward rate
• B) par rate
• C) spot rate
• D) 113 rate

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Definitions:

Government

The governing body of a nation, state, or community, responsible for making and enforcing laws, policies, and regulations.

Consumption

The use of goods and services by households, constituting one of the primary components of economic activity and indicators of economic health.

Income

Financial returns received, usually on a steady basis, from work or investment profits.

Expenditure

The action of spending funds or the amount of money spent on goods, services, or other expenses.