Question 2. Prior to the 1870s, both gold and silver were used as international means of payment and the exchange rates among currencies were determined by either their gold or silver contents. Suppose that the dollar was pegged to gold at $30 per ounce, the French franc is pegged to gold at 90 francs per ounce and to silver at 6 francs per ounce of silver, and the German mark pegged to silver at one mark per ounce of silver. What would the exchange rate between the U.S. dollar and German mark be under this system?
Question 3. To avoid currency crisis in the face of fully integrated capital markets, a country can:
Question 4. A “good” (or ideal) international monetary system should provide:
Question 5. Recently, financial markets have become highly integrated. This development:
Question 6. What major dimension sets apart international finance from domestic finance?
Question 7. If the United States imports more than it exports, then
Question 8. The single European currency, the euro, was adopted by 11 member nations on January 1 of what year?
Question 9. Privatization:
Question 10. Production of goods and services has become globalized to a large extent as a result of:
Question 11 International reserve assets include “foreign exchanges”. These are:
Question 12. The first full-fledged gold standard:
Question 13. Under a purely flexible exchange rate system:
Question 14. International portfolio investments have boomed in recent years, as a result of:
Question 15. Deregulated financial markets and heightened competition in financial services provided an environment for financial innovations that resulted in the introduction of various instruments. Examples of these innovative instruments include:
Question 16. When the balance-of-payments accounts are recorded correctly, the comebind balance of the current account, the capital account, and the reserves account must be:
Question 17. Multinational corporations (MNCs) can use their global presence to:
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