Stage 5 Testing 1:Multiple-Choice Questions
Now you will hear 10 questions about the information you heard in the lecture.Each question will be spoken two times,but it will not be written out for you.You must listen very carefully to each question.After hearing a question,you must read the four possible answer choices provided.You will then refer to your notes and select(a),(b),(c)or(d)—whichever is the best choice.
1.
(a)The euro
(b)The ruble
(c)The real
(d)The rupee
2.
(a)It is the price of one nation’s money in units of another nation’s money
(b)It is the rate that specifies the number of units of a given currency that can be purchased with one unit of another currency
(c)It is the quoted price for foreign exchange to be delivered in no more than two business days after the day of the trade
(d)It is the quoted price for foreign exchange to be delivered at a specified future date
3.
(a)It is a direct quote in the United States
(b)It is a direct quote in Australia
(c)It is an indirect quote in the United States
(d)It is an indirect quote in Austria
4.
(a)It appreciated
(b)It depreciated
(c)It remained unchanged
(d)None of the above
5.
(a)Foreign goods in this country become more expensive
(b)This country’s goods become cheaper in foreign countries
(c)This county’s exports increase
(d)This country’s exports decline
6.
(a)Central banks and hedge funds
(b)Forex brokers and business firms
(c)Insurance companies and pension funds
(d)Households and individuals
7.
(a)From Tokyo and Hong Kong
(b)From Hong Kong and Sydney
(c)From Tokyo and Sydney
(d)From Sydney and Singapore
8.
(a)Twenty-five point four percent
(b)Twenty-six point six percent
(c)Twenty-six point seven percent
(d)Twenty-seven point five percent
9.
(a)Two point five percent
(b)Three point one percent
(c)Four point three percent
(d)Four point five percent
10.
(a)Barclays
(b)JP Morgan
(c)Deutsche Bank
(d)Morgan Stanley