1. A exchange rate is the quoted price for a unit of foreign currency to be delivered within a very short period of time. a. fowardb. spot2. The Government does not set a exchange rate, which means that supply and demand in the market determine the currency's value. a. peggedb. floating3. When American customers import more from Europe than they export to Europe, the euro relative to the dollar. a. apprecaitesb. depreciates4. The of a currency refers to an increase or decrease of the stated par value of a currency whose value is fixed. a. depreciation or appreciationb. devaulation or revaluation5. Under a floating regime, the government plays a significant role in managing the exchange rate by manipulating the currency's supply and demand. a. freelyb. managed6. Currencies under such a regime are currencies. a. convertibleb. non convertible