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Author Question: How many dollars do you need to buy a Swedish Kronor (SEK) when the exchange rate is 1 = 6.429 SEK? ... (Read 31 times)

Jramos095

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on: Jun 30, 2018
How many dollars do you need to buy a Swedish Kronor (SEK) when the exchange rate is 1 = 6.429 SEK?
 a. 0.016
  b. 1.056
  c. 0.649
  d. 0.156
  e. 1.56

Question 2

With flexible exchange rates, the imbalance between debits and credits arising from shifts in currency demand and/or supply is accommodated through special financial borrowings or reserve movements.
 a. True
  b. False
  Indicate whether the statement is true or false


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ladyjames123

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


Jramos095

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

kishoreddi

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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