If Sweden’s currency depreciates relative to Norway’s currency ? – McqOptions

MCQOPTIONS

1.	If Sweden’s currency depreciates relative to Norway’s currency ?
A.	Norway’s export goods become more expensive to Norway’s residents
B.	Norway’s exports goods become cheaper to Sweden’s residents
C.	Sweden’s export goods become cheaper to Norway’s residents
D.	Sweden’s export goods become cheaper to Sweden’s residents
Answer» D. Sweden’s export goods become cheaper to Sweden’s residents

Discussion

No Comment Found

Related MCQs

Which of the following is not a reason why Joe Smith (an American) might participate as a demander in the foreign exchange market ?
Which financial instrument provides a buyer the right to purchase or sell a fixed amount of currency at a prearranged price, within a few days to a couple of years ?
Under a system of floating exchange rates the pound would depreciate in value if there occurs ?
Under a system of floating exchange rates there is a general tendency for ?
The theory of international exchange that holds that exchange rates adjust to offset differences in countries inflation rates in the ?
The supply of foreign currency tends to be ?
The rise in value of one currency relative to another is ?
The reduction or covering of foreign exchange risk is called ?
The real effective exchange rate for the U.S dollar ?
The price of one country’s currency in terms of another country’s currency is the ?