Podcast
Questions and Answers
What was the primary international reserve before the Bretton Woods system was established?
What was the primary international reserve before the Bretton Woods system was established?
- Platinum
- Copper
- Gold (correct)
- Silver
Which event caused the decline in the use of gold after World War I?
Which event caused the decline in the use of gold after World War I?
- Formation of Bretton Woods system
- Signing of international trade agreements
- Increased expenditure and inflation due to war (correct)
- Great Depression
What was the aim of creating the Bretton Woods system?
What was the aim of creating the Bretton Woods system?
- To create a stabilized international currency system (correct)
- To encourage countries to use gold as the only currency
- To increase inflation worldwide
- To destabilize international currencies
Which country held most of the world's gold during the Bretton Woods era?
Which country held most of the world's gold during the Bretton Woods era?
Why did the Bretton Woods system come to an end in 1971?
Why did the Bretton Woods system come to an end in 1971?
What was the major cause for major economic powers failing to maintain the gold standard after World War I?
What was the major cause for major economic powers failing to maintain the gold standard after World War I?
What is the primary purpose of the European Financial Stabilisation Mechanism (EFSM)?
What is the primary purpose of the European Financial Stabilisation Mechanism (EFSM)?
Which institution manages the European Financial Stability Facility (EFSF)?
Which institution manages the European Financial Stability Facility (EFSF)?
In what year was the International Monetary Fund (IMF) formed?
In what year was the International Monetary Fund (IMF) formed?
What is the main function of the International Monetary Fund (IMF) among the following options?
What is the main function of the International Monetary Fund (IMF) among the following options?
Which of the following is NOT one of the pillars of the financial rescue program enacted by the EU in 2010?
Which of the following is NOT one of the pillars of the financial rescue program enacted by the EU in 2010?
What does international trade involve according to the text?
What does international trade involve according to the text?
What are the two major driving forces for economic globalization mentioned in the text?
What are the two major driving forces for economic globalization mentioned in the text?
What does marketization involve according to the text?
What does marketization involve according to the text?
Which dimension of economic globalization involves the globalization of financial and capital markets?
Which dimension of economic globalization involves the globalization of financial and capital markets?
What is the role of the International Monetary Systems (IMS) mentioned in the text?
What is the role of the International Monetary Systems (IMS) mentioned in the text?
During which time period was trade carried out without any institutional support with the help of gold and silver?
During which time period was trade carried out without any institutional support with the help of gold and silver?
Which process involves transferring industry or service from public to private ownership and control?
Which process involves transferring industry or service from public to private ownership and control?
