1. During the 1997-98 Asian currency crisis, the USD exchange rate rose from IDR2,400/USD to IDR12,000/USD. It means the IDR.............. to the USD.

a. depreciated by 400%

b. appreciated by 80%

c. appreciated by 400%

d. depreciated by 80%

8. LILI stockbroker offers investors financing to buy stocks with the following requirements - Initial Margin: 50%; Minimum Margin: 20%; If subjected to a margin call, the investor must deposit some fund to repay part of his debt and return the position to minimum margin. You buy 100,000 ABC stocks at the price of $1,000/stock using the margin facility. At what price are you subjected to a margin call?

a. $900

b. $700

c. $800

d. $625