Spot trades in foreign exchange can take place

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Reference no: EM132177748

1. An import tariff (duty) may be protective ____________.

a. if it does not generate tax revenue

b. if it serves primarily to restrict entry of hazardous materials

c. only if it is on imports the country produces domestically

d. even though the importing country does not produce the product

2. Spot trades in foreign exchange can take place ______________.

a. only in the big money center banks

b. in money center and regional banks due to the rise in electronic trading

c. in electronic format only

d. in any country except for the country where the currency is issued

3. This Spring Break you are planning to leave the U.S. and go to London, England, and stay at a hotel there. You will be making a ____________ and the London hotel will be performing a ____________.

a. service export; service import

b. merchandise export; service import

c. service import; service export

d. service export; merchandise export

Reference no: EM132177748

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