chp 11 example #6520

Which of the following is a great strength of the gold standard?

Which of the following statements is true about a currency board system?

Which of the following statements is true about financial crises?

The collapse of the fixed exchange rate system has been traced to the:

Under the U.S. macroeconomic policy package of 1965-1968, President Lyndon Johnson backed an increase in U.S. government spending that was financed by:

Which of the following is true of the International Bank for Reconstruction and Development (IBRD) scheme of the World Bank?

Under the Bretton Woods system, if a country developed a permanent deficit in its balance of trade that could not be corrected by domestic policy, this would require the

Which of the following is an implication of a currency crisis?

It is most appropriate for a firm to contract out manufacturing when:

Many of the world's developing nations peg their currencies, primarily to the _____.

The objective of establishing the World Bank was to

In January 1976, the _____ revised the International Monetary Fund's Articles of Agreement to reflect the new reality of floating exchange rates.

The system of adjustable parities allowed for the devaluation of a country's currency by more than 10 percent if the International Monetary Fund (IMF) agreed that a:

Which of the following is true according to the provisions of the Marshall plan?

Which term was not defined in the International Monetary Fund's Articles of Agreement but was intended to apply to countries that had suffered permanent adverse shifts in the demand for their products?

Which of the following observations about the International Monetary Fund (IMF) is true?

In a floating exchange rate, the relative value of a currency:

A country that introduces a _____ commits itself to converting its domestic currency on demand into another currency at a fixed exchange rate.

Which of the following is a drawback of the currency board system?

The fall in the value of the U.S. dollar between 1985 and 1988 was caused by:

In 1971, U.S. trade figures showed that for the first time since 1945, the United States was importing more than it was exporting. This set off massive purchases of _____ in the foreign market by speculators.

Which of the following poses a problem for international businesses in the long run?

According to the _____ in 1944, all countries were to fix the value of their currency in terms of gold but were not required to exchange their currencies for gold.

All International Monetary Fund (IMF) loan packages come with conditions attached. Which of the following is prevented due to these policies of the IMF?

Which of the following observations about the International Monetary Fund (IMF) is true?

Which of the following was an announcement made by U.S. President Nixon to enable the devaluation of the dollar during the increase in inflation in 1971 in the United States?

Argonia Republic is in trade surplus with Kamboly. Under the gold standard, which of the following statements is true until a balance-of-trade equilibrium is achieved?

According to the noted economist Jeffrey Sachs, the International Monetary Fund should

How does the International Monetary Fund (IMF) provide loans to deficit-laden countries?

From mid-2008 through early 2009, the value of the dollar moderately increased against major currencies, despite the fact that the American economy was suffering from a serious financial crisis. Which of the following was a reason for this phenomenon?

The 1944 Bretton Woods system called for _____ exchange rates against the U.S. dollar.

_____ refers to a system under which a country's currency is nominally allowed to float freely against other currencies, but in which the government will intervene, buying and selling currency, if it believes that the currency has deviated too far from its fair value

Which of the following is a main element of the Jamaica agreement of 1976?

According to the noted economist Jeffrey Sachs, the International Monetary Fund should

It has been shown that adopting a _____ exchange rate regime moderates inflationary pressures in a country

In comparison to a floating exchange rate regime, a fixed exchange rate system is characterized by

Which of the following is a characteristic of the floating exchange rate regime?

An aspect of the Bretton Woods agreement was a commitment not to use

Which of the following is a great strength of the gold standard?

Without currency devaluation, a country in "fundamental disequilibrium" would experience

Argonia Republic is in trade surplus with Kamboly. Under the gold standard, which of the following statements is true until a balance-of-trade equilibrium is achieved?

Which of the following statements is true about financial crises?

Under the Plaza Accord of 1985, the Group of Five major industrial countries concluded that it would be desirable if

The objective of establishing the World Bank was to

Which of the following refers to the institutional arrangements that govern exchange rates?

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Which of the following statements is true about the changes in the world monetary system since March 1973?

Critics of floating exchange rates claim that trade deficits are determined by the:

Which of the following was abandoned as per the Jamaica agreement of 1976?