CFA 2026 Level I Economics Exchange Rates Free Quiz 2

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CFA 2026 Level I Economics Exchange Rates Free Quiz 2

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CFA 2026 Level I Economics Exchange Rates Free Quiz 2

Practice CFA 2026 Level I Economics MCQs from Exchange Rates. Get instant results with Explanation.

General5 MCQs

11. What is the Fisher effect?

A. Purchasing power parityB. Interest rate parityC. Fisher effectD. Quantity theory of money

12. What is the difference between a floating and a fixed exchange rate?

A. Floating is government-determined; fixed is market-determined.B. Fixed is market-determined; floating is government-determined.C. They are the same.D. Floating is market-determined; fixed is pegged to another currency.

13. How does a country maintain a fixed exchange rate?

A. Intervention in the foreign exchange marketB. Letting the market determine the rateC. Setting interest ratesD. Imposing capital controls

14. What is a crawling peg exchange rate system?

A. Fixed exchange rateB. Crawling pegC. Floating exchange rateD. Currency board

15. What is the balance of payments approach to exchange rate determination?

A. Monetary approachB. Portfolio balance approachC. Balance of payments approachD. Chartist approach

General5 MCQs

16. What is the monetary approach to exchange rate determination?

A. Balance of payments approachB. Portfolio balance approachC. Chartist approachD. Monetary approach

17. What is the portfolio balance approach to exchange rate determination?

A. Portfolio balance approachB. Monetary approachC. Balance of payments approachD. Chartist approach

18. What is covered interest rate parity?

A. Covered interest parity does not hedge.B. Covered interest parity uses forward contracts to hedge.C. Uncovered interest parity uses forward contracts.D. They are the same.

19. What is uncovered interest rate parity?

A. Covered interest parityB. Purchasing power parityC. Uncovered interest parityD. Fisher effect

20. What is the difference between sterilized and unsterilized foreign exchange intervention?

A. Both are unsterilized.B. Both are sterilized.C. Sterilized intervention does not offset the impact on the money supply.D. Sterilized intervention offsets the impact on the money supply; unsterilized does not.

📋 CFA - Test Online Practice Quizzes

CFA

Conducting Body: CFA Institute

Frequency: 4 times a year (February, May, August, November) | Time: 135 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 90 MCQs):

Alternative Investments: 8 MCQs
Corporate Issuers: 7 MCQs
Derivatives: 5 MCQs
Economics: 7 MCQs
Equity Investments: 12 MCQs
Ethics: 16 MCQs
Financial Statement Analysis: 11 MCQs
Fixed Income: 11 MCQs
Portfolio Management: 9 MCQs
Quant Methods: 6 MCQs

Merit Formula: -

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