International Monetary System Overview
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Questions and Answers

What is the main focus of Lee's 'Ancient Silk Road Travellers'?

  • Globalization and global history
  • Politics, economics, and culture
  • Silk Road travellers in ancient times (correct)
  • International monetary systems
  • Which book discusses 'Global Transformations' related to politics, economics, and culture?

  • Money and Politics by Einaudi L.
  • International Economics by Salvatore D.
  • Global Transformations by Held D. and McGrew A. (correct)
  • Globalization and History by O’Rourke KH and Williamson JG
  • According to the provided text, what was the period for the Atlantic Economy?

  • 1850-1931 (correct)
  • 1999-2010
  • 1865-1873
  • 2006-2020
  • What is the focus of Cohen's work 'Money and Power in World Politics'?

    <p>European monetary unification</p> Signup and view all the answers

    Which website provides a definition of the 'gold standard'?

    <p><a href="http://www.businessdictionary.com/definition/gold-standard.html">http://www.businessdictionary.com/definition/gold-standard.html</a></p> Signup and view all the answers

    Who authored the book 'Money and Politics: European monetary unification and the international gold standard 1865-1873'?

    <p>L. Einaudi</p> Signup and view all the answers

    What was the main task of the International Monetary System?

    <p>Facilitating cross-border transactions</p> Signup and view all the answers

    During 1870 to 1914, what was the role of gold in international trade?

    <p>Guaranteeing a non-inflationary, stable economic environment</p> Signup and view all the answers

    What caused the decline in the use of gold after World War I?

    <p>Increased expenditure and inflation due to war</p> Signup and view all the answers

    What function did the gold standard serve in the international monetary system?

    <p>Fixed exchange rate regime with gold as the only international reserve</p> Signup and view all the answers

    Why did major economic powers fail to maintain the gold standard after World War I?

    <p>Great depression in 1931</p> Signup and view all the answers

    What does the International Monetary System reflect according to the text?

    <p>Economic power and interests</p> Signup and view all the answers

    What distinguishes International Organizations (IOs) with universal membership from those with limited membership?

    <p>Universal membership IOs have memberships from all countries, while limited membership IOs have selective memberships.</p> Signup and view all the answers

    Which organization is classified as an International Organization (IO) with limited membership?

    <p>European Union (EU)</p> Signup and view all the answers

    What is the primary role of the United Nations (UN) in international politics?

    <p>Regulating armaments</p> Signup and view all the answers

    Which feature is considered the most important aspect of UN activities in peace and security?

    <p>Peacekeeping</p> Signup and view all the answers

    In the realm of global governance, which organization is described as being the largest, most powerful, and internationally represented?

    <p>United Nations (UN)</p> Signup and view all the answers

    What specific role does the United Nations (UN) play regarding disaster relief and assistance?

    <p>Coordinating disaster relief</p> Signup and view all the answers

    What does domestic sovereignty refer to?

    <p>Choosing and implementing policies within the territory</p> Signup and view all the answers

    How have global economic trends affected an individual country's sovereignty?

    <p>Reduced economic sovereignty</p> Signup and view all the answers

    Which of the following is an example of an international organization that impacts domestic economic affairs?

    <p>World Bank</p> Signup and view all the answers

    What led to the deprivation of government control over some underdeveloped nations' economies?

    <p>Disorderly domestic economic establishments</p> Signup and view all the answers

    What is a concern expressed by scholars regarding some underdeveloped nations and neocolonialism?

    <p>Loss of economic sovereignty</p> Signup and view all the answers

    How have transnational corporations impacted individual country sovereignty?

    <p>Weakened it</p> Signup and view all the answers

    What is one of the main purposes of the UN mentioned in the text?

    <p>Creating conditions for justice and respect for international obligations</p> Signup and view all the answers

    Which of the following is not mentioned as a gap that the UN addressed in the 21st century according to the text?

    <p>Technology</p> Signup and view all the answers

    How can global governance be defined based on the text?

    <p>The sum of laws, norms, policies, and institutions defining trans-border relations</p> Signup and view all the answers

    Which of the following is not one of the main purposes of the UN Charter according to the text?

    <p>Promoting economic competition between countries</p> Signup and view all the answers

    What critical impact can a hole in any of the five stages have according to the text?

    <p>It can lead to a collapse in problem-solving efforts</p> Signup and view all the answers

    Which of the following is not a part of global governance as described in the text?

    <p>Politicians' decisions</p> Signup and view all the answers

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