Question 1

Understanding currency movements represents a fundamental part of international marketing.

Accepted Answer

A) True 
 B)False

Question 2

Direct rates are calculated using the value of a foreign currency.

Accepted Answer

A) True 
 B)False

Question 3

The Bretton Woods agreement established a global currency system.

Accepted Answer

A) True 
 B)False

Question 4

What rate is the rate at which one country's currency can be traded for another's?

Accepted Answer

A)  Market rate 
B)  Soft rate 
C)  Exchange rate 
D)  Hard rate 
E)  International rate 
A)  Market rate 
B)  Soft rate 
C)  Exchange rate 
D)  Hard rate 
E)  International rate

Question 5

Properties of money include all of the following except:

Accepted Answer

A)  Acceptability 
B)  Scarcity 
C)  Durability 
D)  Divisibility 
E)  Dependability 
A)  Acceptability 
B)  Scarcity 
C)  Durability 
D)  Divisibility 
E)  Dependability

Question 6

Many items have been used as money,including salt,rocks,seashells,and beads.

Accepted Answer

A) True 
 B)False

Question 7

Describe the concepts of currency regimes,floating exchange rates,fixed exchange rates,revaluation,and devaluation,and how they apply to international marketers.Why should international marketers pay close attention to these issues?

Accepted Answer

Currency regimes refer to the set of rul

Question 8

Two companies or countries engage in what kind of trade when goods are traded or exchanged without the use of hard currency?

Accepted Answer

A)  Bilateral trade 
B)  Fulfillment trade 
C)  Counterbalanced trade 
D)  Reciprocal trade 
E)  Countertrade 
A)  Bilateral trade 
B)  Fulfillment trade 
C)  Counterbalanced trade 
D)  Reciprocal trade 
E)  Countertrade

Question 9

Inflation is independent of interest rates and does not affect interest rates.

Accepted Answer

A) True 
 B)False

Question 10

A forward rate that is larger than a spot rate is which of the following?

Accepted Answer

A)  Premium 
B)  Spot 
C)  Call 
D)  Future 
E)  Market 
A)  Premium 
B)  Spot 
C)  Call 
D)  Future 
E)  Market

Question 11

As a term of payment,"CBD" stands for which of the following?

Accepted Answer

A)  Call before delivery 
B)  Close before delivery 
C)  Credit before delivery 
D)  Cash before delivery 
E)  Cancel before delivery 
A)  Call before delivery 
B)  Close before delivery 
C)  Credit before delivery 
D)  Cash before delivery 
E)  Cancel before delivery

Question 12

Countries that have low,or no,taxes are referred to which of the following?

Accepted Answer

A)  Tax-friendly regions 
B)  Tax havens 
C)  Tax states 
D)  Tax-free nations 
E)  Tax-free regions 
A)  Tax-friendly regions 
B)  Tax havens 
C)  Tax states 
D)  Tax-free nations 
E)  Tax-free regions

Question 13

A floating exchange rate occurs when the value of a currency is allowed to respond freely to market forces.

Accepted Answer

A) True 
 B)False

Question 14

Currency rates affect all of the following except:

Accepted Answer

A)  Market share 
B)  Valuations assigned to inventories 
C)  Sales prices 
D)  Costs of marketing activities 
E)  Bottom-line profits 
A)  Market share 
B)  Valuations assigned to inventories 
C)  Sales prices 
D)  Costs of marketing activities 
E)  Bottom-line profits

Question 15

List and describe the various properties of money that are presented in the text.Use an example of a currency to illustrate the various properties of money and how that currency satisfies each property.

Accepted Answer

Money has several properties that make i

Question 16

The property of durability in money means:

Accepted Answer

A)  It is acceptable in a region or area. 
B)  It is scarce. 
C)  It is not easily damaged or destroyed. 
D)  It is divisible. 
E)  People understand its value. 
A)  It is acceptable in a region or area. 
B)  It is scarce. 
C)  It is not easily damaged or destroyed. 
D)  It is divisible. 
E)  People understand its value.

Question 17

The primary authority for global currency stabilization is which of the following?

Accepted Answer

A)  International Monetary Fund 
B)  International Currency Authority 
C)  International Currency Alliance 
D)  International Monetary Market 
E)  International Currency Administration 
A)  International Monetary Fund 
B)  International Currency Authority 
C)  International Currency Alliance 
D)  International Monetary Market 
E)  International Currency Administration

Question 18

Transaction demand reflects the demand for nondurable goods,such as appliances.

Accepted Answer

A) True 
 B)False

Question 19

The property of divisibility in money means:

Accepted Answer

A)  It is acceptable in a region or area. 
B)  You can "make change" for it. 
C)  It is not easily damaged or destroyed. 
D)  It is scarce. 
E)  People understand its value. 
A)  It is acceptable in a region or area. 
B)  You can "make change" for it. 
C)  It is not easily damaged or destroyed. 
D)  It is scarce. 
E)  People understand its value.

Question 20

Revaluation refers to a government increase in the par value of a currency under a fixed-rate regime.

Accepted Answer

A) True 
 B)False

Understanding currency movements represents a fundamental part of international marketing.

Direct rates are calculated using the value of a foreign currency.

The Bretton Woods agreement established a global currency system.

What rate is the rate at which one country's currency can be traded for another's?

Properties of money include all of the following except:

Many items have been used as money,including salt,rocks,seashells,and beads.

Describe the concepts of currency regimes,floating exchange rates,fixed exchange rates,revaluation,and devaluation,and how they apply to international marketers.Why should international marketers pay close attention to these issues?

Two companies or countries engage in what kind of trade when goods are traded or exchanged without the use of hard currency?

Inflation is independent of interest rates and does not affect interest rates.

A forward rate that is larger than a spot rate is which of the following?

As a term of payment,"CBD" stands for which of the following?

Countries that have low,or no,taxes are referred to which of the following?

A floating exchange rate occurs when the value of a currency is allowed to respond freely to market forces.

Currency rates affect all of the following except:

List and describe the various properties of money that are presented in the text.Use an example of a currency to illustrate the various properties of money and how that currency satisfies each property.

The property of durability in money means:

The primary authority for global currency stabilization is which of the following?

Transaction demand reflects the demand for nondurable goods,such as appliances.

The property of divisibility in money means:

Revaluation refers to a government increase in the par value of a currency under a fixed-rate regime.

Introduction to International Marketing

Culture and Cross-Cultural Marketing

Global Trade and Integration

Country Selection and Entry Strategies

International Marketing Planning Organization and Control

Markets and Segmentation in an International Context

International Positioning

Market Research in the International Environment

International Product and Brand Marketing

International Pricing

International Finance and Pricing Implications

International Marketing Channel Management

International Distribution: Exporting and Retailing

Globally Integrated Marketing Communications

International Sales Promotions and Public Relations

Filters

Exam 10: International Product Standardization and Adaptation

Understanding currency movements represents a fundamental part of international marketing.

Direct rates are calculated using the value of a foreign currency.

The Bretton Woods agreement established a global currency system.

What rate is the rate at which one country's currency can be traded for another's?

Properties of money include all of the following except:

Many items have been used as money,including salt,rocks,seashells,and beads.

Describe the concepts of currency regimes,floating exchange rates,fixed exchange rates,revaluation,and devaluation,and how they apply to international marketers.Why should international marketers pay close attention to these issues?

Two companies or countries engage in what kind of trade when goods are traded or exchanged without the use of hard currency?

Inflation is independent of interest rates and does not affect interest rates.

A forward rate that is larger than a spot rate is which of the following?

As a term of payment,"CBD" stands for which of the following?

Countries that have low,or no,taxes are referred to which of the following?

A floating exchange rate occurs when the value of a currency is allowed to respond freely to market forces.

Currency rates affect all of the following except:

List and describe the various properties of money that are presented in the text.Use an example of a currency to illustrate the various properties of money and how that currency satisfies each property.

The property of durability in money means:

The primary authority for global currency stabilization is which of the following?

Transaction demand reflects the demand for nondurable goods,such as appliances.

The property of divisibility in money means:

Revaluation refers to a government increase in the par value of a currency under a fixed-rate regime.

Introduction to International Marketing

Culture and Cross-Cultural Marketing

Global Trade and Integration

Country Selection and Entry Strategies

International Marketing Planning Organization and Control

Markets and Segmentation in an International Context

International Positioning

Market Research in the International Environment

International Product and Brand Marketing

International Pricing

International Finance and Pricing Implications

International Marketing Channel Management

International Distribution: Exporting and Retailing

Globally Integrated Marketing Communications

International Sales Promotions and Public Relations

Filters