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Test # 1


1.
How many currencies are used in the Real Effective Exchange Rate (REER) that is both trade and export weighted indicator?

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    Learning the Ropes of Global Exchange

    Recently, our family participated in an exchange program with a sister city organization in our town. Little did we know all of the planning that goes into sending a son or daughter to another country. We learned a lot along the way, and so will you. Its all about planning, making good decisions, and keeping everything organized and ready to go. Travel documents. Itinerary. Local currency. A contingency plan. These are just some of the essential ingredients for the trip ahead. So are electrical adaptors, lap tops, cell phone plans, and other devices. You have to ensure that your world traveller knows a little bit about the country he or she is visiting, how to get there and how best to travel within or outside of the host country. You have to pack just the right things for the trip, and not much more. These are just some the issues that arise in foreign exchange decision making.


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