Podcast
Questions and Answers
What was the name of the conference that established the new international monetary system in 1944?
What was the name of the conference that established the new international monetary system in 1944?
- The United Nations Financial Conference
- The New Hampshire Conference
- The US Dollar Convertibility Conference
- The Bretton Woods Conference (correct)
What was the key feature of the Bretton Woods system?
What was the key feature of the Bretton Woods system?
- Currencies had flexible exchange rates determined by the market.
- Only governments could convert their currencies into gold.
- All currencies were backed by gold convertibility.
- The US dollar was the only currency backed by gold. (correct)
Why did the Bretton Woods system collapse in 1971?
Why did the Bretton Woods system collapse in 1971?
- The US could not maintain the fixed value of the dollar to gold. (correct)
- The US wanted to switch to a flexible exchange rate system.
- The US experienced high inflation and trade surplus.
- The US experienced high inflation and trade deficit.
What was the key feature of the flexible exchange rate system that replaced the Bretton Woods system?
What was the key feature of the flexible exchange rate system that replaced the Bretton Woods system?
How many countries attended the Bretton Woods conference?
How many countries attended the Bretton Woods conference?
What was the official name of the Bretton Woods conference?
What was the official name of the Bretton Woods conference?
What is the primary function of the International Finance Corporation (IFC)?
What is the primary function of the International Finance Corporation (IFC)?
What is the primary function of the Multilateral Investment Guarantee Agency (MIGA)?
What is the primary function of the Multilateral Investment Guarantee Agency (MIGA)?
What is the primary function of the International Centre for Settlement of Investment Disputes (ICSID)?
What is the primary function of the International Centre for Settlement of Investment Disputes (ICSID)?
Which of the following is a primary function of the World Bank?
Which of the following is a primary function of the World Bank?
Which of the following is NOT a function of the World Bank?
Which of the following is NOT a function of the World Bank?
How does the World Bank help underdeveloped countries increase their economic growth and reduce poverty?
How does the World Bank help underdeveloped countries increase their economic growth and reduce poverty?
What is the focus of international finance?
What is the focus of international finance?
Which theory suggests that certain regions would benefit from adopting a single currency?
Which theory suggests that certain regions would benefit from adopting a single currency?
What does the International Fischer Effect (IFE) theory assume about nominal interest rates?
What does the International Fischer Effect (IFE) theory assume about nominal interest rates?
Which factor refers to the potential negative outcomes for a business due to changes in government policies or political instability?
Which factor refers to the potential negative outcomes for a business due to changes in government policies or political instability?
What does Interest Rate Parity (IRP) describe?
What does Interest Rate Parity (IRP) describe?
Why is an understanding of foreign exchange important for investors and managers?
Why is an understanding of foreign exchange important for investors and managers?
What does the WTO Agreements provide for in terms of the trade facilitation agreement?
What does the WTO Agreements provide for in terms of the trade facilitation agreement?
How should environmental protection measures be applied by WTO members?
How should environmental protection measures be applied by WTO members?
What is one goal of the WTO regarding trading system inclusivity?
What is one goal of the WTO regarding trading system inclusivity?
With whom does the WTO maintain regular dialogue to enhance cooperation and build partnerships?
With whom does the WTO maintain regular dialogue to enhance cooperation and build partnerships?
What does the WTO provide a platform for through initiatives like the trade dialogues initiative and annual public forum?
What does the WTO provide a platform for through initiatives like the trade dialogues initiative and annual public forum?
What aspect of trade does the WTO recognize as growing in importance according to the text?
What aspect of trade does the WTO recognize as growing in importance according to the text?
When was the Asian Development Fund established?
When was the Asian Development Fund established?
Who was the first President of the Asian Development Bank?
Who was the first President of the Asian Development Bank?
What did ADB increase its support for after the world's first oil price shock?
What did ADB increase its support for after the world's first oil price shock?
Which region did ADB aim to serve initially with its assistance programs?
Which region did ADB aim to serve initially with its assistance programs?
In what year did ADB open its first field office in Bangladesh?
In what year did ADB open its first field office in Bangladesh?
What set back Asia's economic gains in mid-1997 according to the text?
What set back Asia's economic gains in mid-1997 according to the text?
