As Exchange Rates Change, They

question 41

Multiple Choice

As exchange rates change, they

• A) change the relative purchasing power between countries.
• B) can affect imports and exports between countries.
• C) will affect the flow of funds between countries.
• D) All of the options are true.

---

Definitions:

Identified

Recognized or established as being a particular entity or thing.

Contract

A legally binding agreement between two or more parties that outlines rights and duties towards one another.

Voidable

A legal term describing a transaction or agreement that may be annulled or voided at the discretion of one party.

Good Faith Purchaser

A purchaser who buys without notice of any circumstance that would put a person of ordinary prudence on inquiry as to whether the seller has valid title to the goods being sold.