Currency is considered global reserve currency

Assignment Help Financial Management

Reference no: EM131865613

1. Assume that two months ago exchange rate between USD and Mexican pesos was USD/MXP15.95 (or 15.95 pesos per USD). Current exchange rate is USD/MXP 14.50. Calculate the appreciation or depreciation of Mexican pesos against USD over the two months period.

A. 10% appreciation

B. 10% depreciation

C. -9.09% depreciation

D. 9.09% appreciation

2. Which one of the following is not among the characteristics of an economy whose currency is considered a global reserve currency?

A. a large economy

B. prudent macroeconomic management and stable macroeconomic conditions

C. open capital account (i.e. country has no restrictions on capital flows)

D. strong institutions and advanced money and capital markets

E. The largest percentage of GDP is produced by manufacturing sector

Reference no: EM131865613

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