Question 1

In the floating exchange rate relationship between the dollar and the yen, dollar supply includes:

Accepted Answer

A)  Japanese exports to the US 
B)  Yen to dollar conversions 
C)  US firms in Japan repatriating profits to the home market 
D)  Japanese investments to the US 
A)  Japanese exports to the US 
B)  Yen to dollar conversions 
C)  US firms in Japan repatriating profits to the home market 
D)  Japanese investments to the US

Question 2

The global economy has emerged without much help from the United Nations and its specialized agencies

Accepted Answer

A) True 
 B)False

Question 3

When European tourists come to the US and convert their money, this creates demand for US dollars

Accepted Answer

A) True 
 B)False

Question 4

A convertible currency is one that is not acceptable as a means of payment outside of its country of origin

Accepted Answer

A) True 
 B)False

Question 5

In contrast to the United Nations, which of the following statements is true about the League of Nations:

Accepted Answer

A)  Was founded in 1919 
B)  Comprises over 80 specialized agencies 
C)  Monitors global problems 
D)  Includes agencies such as the IMF, WTO, and World Bank 
A)  Was founded in 1919 
B)  Comprises over 80 specialized agencies 
C)  Monitors global problems 
D)  Includes agencies such as the IMF, WTO, and World Bank

Question 6

European economic unification (EC'92) included common industry standards for major European industries, the elimination of border controls, and privatization and deregulation of a number of industries

Accepted Answer

A) True 
 B)False

Question 7

The World Bank is mainly concerned with helping countries develop adequate national infrastructures (roads, power etc.) and food supplies

Accepted Answer

A) True 
 B)False

Question 8

When the European Union is doing well economically, the Euro is likely to appreciate in value

Accepted Answer

A) True 
 B)False

Question 9

The role of the International Monetary Fund is to lend money to nations to allow them to 'buy back', create demand for and stabilize their depreciating currencies

Accepted Answer

A) True 
 B)False

Question 10

African trade blocs are among the most successful examples of regional integration in the world today

Accepted Answer

A) True 
 B)False

Question 11

The Universal Postal Union deals with regulations concerning the global shipping industry

Accepted Answer

A) True 
 B)False

Question 12

Pro free trade arguments include all of the following except:

Accepted Answer

A)  Strategic industry arguments 
B)  Promotes world peace 
C)  Allows more equal distribution of world resource endowments 
D)  Helps developing nations industrialize 
A)  Strategic industry arguments 
B)  Promotes world peace 
C)  Allows more equal distribution of world resource endowments 
D)  Helps developing nations industrialize

Question 13

In the dollar-Euro floating exchange rate relationship, Euro demand includes:

Accepted Answer

A)  Euro-based exports to the US 
B)  European tourists coming to the US 
C)  European investments in the US 
D)  All of the above 
A)  Euro-based exports to the US 
B)  European tourists coming to the US 
C)  European investments in the US 
D)  All of the above

Question 14

The World Trade Organization replaced the General Agreement on Tariffs and Trade in the mid-1990s

Accepted Answer

A) True 
 B)False

Question 15

The International Monetary Fund performs which of the following functions:

Accepted Answer

A)  Helps countries maintain stable and realistic exchange rates 
B)  Lends nations money to stabilize their exchange rates 
C)  Helps countries make their national currencies convertible 
D)  All of the above 
A)  Helps countries maintain stable and realistic exchange rates 
B)  Lends nations money to stabilize their exchange rates 
C)  Helps countries make their national currencies convertible 
D)  All of the above

Question 16

When the Euro moves from 127 yen to 140 yen, the yen has depreciated in value

Accepted Answer

A) True 
 B)False

Question 17

Crawling pegs are usually used when national exchange rates are consistently going down (i.e. depreciating) in value against other major currencies

Accepted Answer

A) True 
 B)False

Question 18

The 1944 Bretton Woods agreement fell apart because of which of the following reasons:

Accepted Answer

A)  Governments routinely devalued their currencies against the dollar 
B)  The US government could not continue to exchange gold at $35 per ounze 
C)  The over-valued dollar made it difficult for US firms to export 
D)  All are reasons why Bretton Woods failed 
A)  Governments routinely devalued their currencies against the dollar 
B)  The US government could not continue to exchange gold at $35 per ounze 
C)  The over-valued dollar made it difficult for US firms to export 
D)  All are reasons why Bretton Woods failed

Question 19

The political superstructure of the European Union includes a European Commission, a European Parliament, a Council of Ministers, and a Court of Justice

Accepted Answer

A) True 
 B)False

Question 20

Currencies pegged to single or multiple currencies are not allowed any upward or downward movements at all against those currency values

Accepted Answer

A) True 
 B)False

In the floating exchange rate relationship between the dollar and the yen, dollar supply includes:

The global economy has emerged without much help from the United Nations and its specialized agencies

When European tourists come to the US and convert their money, this creates demand for US dollars

A convertible currency is one that is not acceptable as a means of payment outside of its country of origin

In contrast to the United Nations, which of the following statements is true about the League of Nations:

European economic unification (EC'92) included common industry standards for major European industries, the elimination of border controls, and privatization and deregulation of a number of industries

The World Bank is mainly concerned with helping countries develop adequate national infrastructures (roads, power etc.) and food supplies

When the European Union is doing well economically, the Euro is likely to appreciate in value

The role of the International Monetary Fund is to lend money to nations to allow them to 'buy back', create demand for and stabilize their depreciating currencies

African trade blocs are among the most successful examples of regional integration in the world today

The Universal Postal Union deals with regulations concerning the global shipping industry

Pro free trade arguments include all of the following except:

In the dollar-Euro floating exchange rate relationship, Euro demand includes:

The World Trade Organization replaced the General Agreement on Tariffs and Trade in the mid-1990s

The International Monetary Fund performs which of the following functions:

When the Euro moves from 127 yen to 140 yen, the yen has depreciated in value

Crawling pegs are usually used when national exchange rates are consistently going down (i.e. depreciating) in value against other major currencies

The 1944 Bretton Woods agreement fell apart because of which of the following reasons:

The political superstructure of the European Union includes a European Commission, a European Parliament, a Council of Ministers, and a Court of Justice

Currencies pegged to single or multiple currencies are not allowed any upward or downward movements at all against those currency values

Globalization Effects on Country Institutions, People, Industries, Business and Consumers

Globalization and Regional Markets: Geopolitical Analyses

National Market Analysis

Analyzing Global Industries and Competitors

International Strategic Planning and Market Screening

Internationalization and Globalization Processes

Market Entry and Servicing Strategies

Global and Multi-Market Strategies

Global and Multi-Market Supply Chain Management

Managing Cultural Differences

Localization Strategies: Managing Stakeholders and Supply Chains

Filters

Exam 1: Globalization and Worldwide Infrastructure Development

In the floating exchange rate relationship between the dollar and the yen, dollar supply includes:

The global economy has emerged without much help from the United Nations and its specialized agencies

When European tourists come to the US and convert their money, this creates demand for US dollars

A convertible currency is one that is not acceptable as a means of payment outside of its country of origin

In contrast to the United Nations, which of the following statements is true about the League of Nations:

European economic unification (EC'92) included common industry standards for major European industries, the elimination of border controls, and privatization and deregulation of a number of industries

The World Bank is mainly concerned with helping countries develop adequate national infrastructures (roads, power etc.) and food supplies

When the European Union is doing well economically, the Euro is likely to appreciate in value

The role of the International Monetary Fund is to lend money to nations to allow them to 'buy back', create demand for and stabilize their depreciating currencies

African trade blocs are among the most successful examples of regional integration in the world today

The Universal Postal Union deals with regulations concerning the global shipping industry

Pro free trade arguments include all of the following except:

In the dollar-Euro floating exchange rate relationship, Euro demand includes:

The World Trade Organization replaced the General Agreement on Tariffs and Trade in the mid-1990s

The International Monetary Fund performs which of the following functions:

When the Euro moves from 127 yen to 140 yen, the yen has depreciated in value

Crawling pegs are usually used when national exchange rates are consistently going down (i.e. depreciating) in value against other major currencies

The 1944 Bretton Woods agreement fell apart because of which of the following reasons:

The political superstructure of the European Union includes a European Commission, a European Parliament, a Council of Ministers, and a Court of Justice

Currencies pegged to single or multiple currencies are not allowed any upward or downward movements at all against those currency values

Globalization Effects on Country Institutions, People, Industries, Business and Consumers

Globalization and Regional Markets: Geopolitical Analyses

National Market Analysis

Analyzing Global Industries and Competitors

International Strategic Planning and Market Screening

Internationalization and Globalization Processes

Market Entry and Servicing Strategies

Global and Multi-Market Strategies

Global and Multi-Market Supply Chain Management

Managing Cultural Differences

Localization Strategies: Managing Stakeholders and Supply Chains

Filters