3.6 - International Trade and Exchange Rates
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Practice Questions
Test your understanding with targeted questions
What is an exchange rate?
💡 Hint: Think about currency conversion.
What does a positive trade balance indicate?
💡 Hint: Think about the flow of money in and out.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the exchange rate?
💡 Hint: It's about currency conversion.
True or False: A trade surplus means a country exports more than it imports.
💡 Hint: Consider the flow of trade.
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Challenge Problems
Push your limits with advanced challenges
Consider a scenario where Country A has a trade deficit of $50 million due to increased imports. How might this impact its economy in the short and long term? Discuss potential consequences.
💡 Hint: Think about the economic ripple effects.
If Country B's exchange rate against the dollar drops, what strategies should it implement to stabilize its economy? Explore fiscal and monetary strategies.
💡 Hint: Consider how monetary policy can influence currency value.
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