Details of this Paper

Chapter 2: World Trade and the International Monetary System

Description

solution


Question

Question;8. The problem with a fixed exchange rate system is that ______.;a. domestic inflation is directly linked to;inflation in other countries;b. fixed exchange rates are hard to maintain;when they diverge from market values;c. labor conditions are isolated from the rest;of the world;d. Three of the above;e. Two of the above;9. The ______ established the World Bank and the;International Monetary Fund in 1946.;a. Basel Accord;b. Bretton Woods Agreement;c. Louvre Accord;d. Plaza;Accord;e. Treaty of Maastricht;10. Which of the following currencies is;currently linked to the price of gold?;a. British;pound;b. Japanese;yen;c. U.S.;dollar;d. All;of the above;e. None;of the above;11. Which of the following countries is currently;participating in the single-currency Eurozone?;a. Denmark;b. Portugal;c. Sweden;d. Switzerland;e. United;Kingdom;12. Which of the following was LEAST likely to;have caused the Mexican peso crisis of 1995?;a. a;shortage of foreign currency reserves at the Mexican central bank;b. a;weak economy;c. an;inflated value of the peso caused by pegged exchange rates;d. short-term;dollar borrowings by Mexican commercial banks and the government;e. All;of the above contributed to the crisis;13. Which of the following countries was MOST;affected by the Asian contagion of 1997?;a. China;b. Korea;c. Japan;d. Singapore;e. Taiwan;14. Which of the following was LEAST affected by;the Asian contagion of 1997?;a. China;b. Korea;c. Indonesia;d. Thailand;e. the;International Monetary Fund

 

Paper#55215 | Written in 18-Jul-2015

Price : $22
SiteLock