16.in the current international trade environment, countries are increasingly taking steps to strengthen their home currency so as to maximize purchasing power.?

True

Fals

17. Barclays bank posts the following quotes for $/ exchange and $/C$ exchange. $1.6630/ bid, $1.6725/ ask, $.7100/C$ bid and .7150/c$ ask. Compute the cross exchange rate bid and ask price (for C$/ exchange. The is the base currency?

C$2,334/ ; C$2,347/

C$2,326/ ; C$2,356/

C$2,342/ ; C$2,339/

None of the above correct

18. Baylor bank borrows $10,000,000 for one year at 4% interest. The bank converts the $ into euros at an exchange rate of $1.25/E. the bank invests the E at 6% interest for one year. What is the break-even exchange rate for Baylors currency speculation?

$1.2500/

$1.2740/

$1.2264/

$1.1792/

19. The general rule of thumb is that a strengthening US dollar is bad for US. Exporters and good for US consumers.?

True

Fals