International Business The Challenge of Global Competition 13th Edition Donald Ball

International Business The Challenge of Global Competition 13th Edition Donald Ball

ISBN-13:978-0077606121, ISBN-10:0077606124.

Chapter 08
The International Monetary System and Financial Forces

True / False Questions

1. Sir Isaac Newton established the value of gold in 1717 and de facto put England on the gold regular.

True False

2. The complexity of the gold regular was a part of its attraction.

True False

3. The Bretton Woods meeting in 1944 established a fixed-rate change system amongst Allied governments that was imposed on the Axis governments.

True False

4. The Bretton Woods system led to minimal growth in worldwide commerce nonetheless helped to chop again inflation ranges.

True False

5. Consequently of Bretton Woods and the buck’s use as a proxy for gold, america ran up a balance-of-payments deficit of spherical $56 billion, which led to america going off the gold change regular in 1971.

True False

6. De Gaulle pushed Nixon to close the gold window on the Treasury, and this one movement moved the IMF in the direction of a floating change worth system.

True False

7. One doable current international cash affiliation is a tough and quick peg, whereby the change worth of a international cash is allowed to maneuver (inside a slender band) with one different international cash. One occasion is the pegging of the Canadian buck to the U.S. buck.

True False

8. Global abroad international cash change transactions full throughout the house of $4 trillion every day.

True False

9. The Monetary establishment for International Settlements operates as a result of the banker for central banks.

True False

10. The controlling mechanism for a gold-based change system and a floating-rate system are the similar.

True False

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