Petrodollar System and Fuel Exporters
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Questions and Answers

What has buoyed hydrocarbon prices, according to the text?

  • Luring Asia and mending ties with Israel
  • Recycling proceeds in Western capital markets
  • Military aid from America
  • War and sanctions (correct)

What did fuel exporters traditionally do during previous booms, as mentioned in the text?

  • Woo the White House
  • Deepen crude-output cuts
  • Recycle the proceeds in Western capital markets (correct)
  • Buy oil from Saudi Arabia

What was the unspoken agreement between America and Saudi Arabia and friends, as per the text?

  • America would offer military aid and buy oil from Saudi Arabia and friends (correct)
  • Saudi Arabia and friends would deepen crude-output cuts
  • America would deepen crude-output cuts for Saudi Arabia and friends
  • Saudi Arabia and friends would offer military aid and buy oil from America

What is one reason why Uncle Sam is considered to be a less watchful partner, according to the text?

<p>Now a major oil exporter (B)</p> Signup and view all the answers

What angered America, as mentioned in the text?

<p>Deepening crude-output cuts by Saudi Arabia and its allies (B)</p> Signup and view all the answers

What do Gulf states feel freer to do, as per the text?

<p>Use their mountains of cash however they wish (C)</p> Signup and view all the answers

What is the primary reason for Saudi National Bank's loss in investment in Credit Suisse?

<p>The acquisition of Credit Suisse by UBS (C)</p> Signup and view all the answers

Who is getting less of the oil windfall, according to the text?

<p>ADIA (A)</p> Signup and view all the answers

What is the focus of ADQ's investments, as per the text?

<p>Renewables and tech (B)</p> Signup and view all the answers

What is becoming harder to see due to the shifts in sovereign-wealth funds' strategies?

<p>Oil money flow (C)</p> Signup and view all the answers

Who has been made chairman of both ADIA and ADQ?

<p>Sheikh Tahnoon bin Zayed (C)</p> Signup and view all the answers

What is a growing trend in how 'family offices' manage private wealth?

<p>$500m-1bn stakes in single firms (C)</p> Signup and view all the answers

What is a concern for the West arising from the blurring line between ruling families' personal wealth and that of the sovereign?

<p>Moving funds unnoticed (B)</p> Signup and view all the answers

What industry does Mubadala deem core to its security in its investment approach?

<p>Energy (D)</p> Signup and view all the answers

Where do financial sleuths suspect a share of Russia’s oil earnings is being deposited?

<p>Banks in the Gulf (D)</p> Signup and view all the answers

'More geopolitically astute petrostates create the chance for wavering countries to get financing outside of Western-led institutions' indicates what potential impact of the evolving sovereign-wealth funds' strategy?

<p>Increased degree of freedom for wavering countries (A)</p> Signup and view all the answers
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