Question 1

Currency exchange controls are found most frequently in

Accepted Answer

A)  developing countries. 
B)  developed countries. 
C)  countries with pegged exchange rates. 
D)  nondemocratic countries. 
A)  developing countries. 
B)  developed countries. 
C)  countries with pegged exchange rates. 
D)  nondemocratic countries.

Question 2

Historically,gold has been used as a way for people to store value because of its

Accepted Answer

A)  purity and scarcity. 
B)  high transportation and security costs. 
C)  lack of interest-earning ability. 
D)  All of these choices are correct. 
A)  purity and scarcity. 
B)  high transportation and security costs. 
C)  lack of interest-earning ability. 
D)  All of these choices are correct.

Question 3

One attribute of the U.S.tariff schedule is

Accepted Answer

A)  that it is printed in both Arabic and Hebrew. 
B)  how specific it is. 
C)  that its categories are quite general and easy to apply. 
D)  that its harmonized version can be accessed via cell phone and iPad. 
A)  that it is printed in both Arabic and Hebrew. 
B)  how specific it is. 
C)  that its categories are quite general and easy to apply. 
D)  that its harmonized version can be accessed via cell phone and iPad.

Question 4

The price of one currency expressed in terms of the other currency is known as the _____________ quotation.

Accepted Answer

The answer of The price of one currency expressed in...

Question 5

Bitcoin and the ___________ are similar in that they are both currencies and both virtual.

Accepted Answer

The answer of Bitcoin and the ___________ are similar in...

Question 6

Hawala is a

Accepted Answer

A)  money transfer method that is done with few traces. 
B)  way to earn for the use of money that does not involve interest. 
C)  banking system in Islamic banking. 
D)  category of loan at the bank for International Settlements. 
A)  money transfer method that is done with few traces. 
B)  way to earn for the use of money that does not involve interest. 
C)  banking system in Islamic banking. 
D)  category of loan at the bank for International Settlements.

Question 7

After the crises in Japan in the spring of 2011,the

Accepted Answer

A)  yen strengthened. 
B)  yen reached all-time lows against the dollar and the euro. 
C)  Japanese monetary authorities allowed the yen to trade against the renminbi. 
D)  yen stabilized at a 10-year low. 
A)  yen strengthened. 
B)  yen reached all-time lows against the dollar and the euro. 
C)  Japanese monetary authorities allowed the yen to trade against the renminbi. 
D)  yen stabilized at a 10-year low.

Question 8

A fixed peg currency arrangement means that

Accepted Answer

A)  the currency will move with its peg. 
B)  monetary authorities will approve any movement, the peg is national. 
C)  currency relationships are under the control of the central bank. 
D)  allied nations' currencies will move in opposition, creating a balance. 
A)  the currency will move with its peg. 
B)  monetary authorities will approve any movement, the peg is national. 
C)  currency relationships are under the control of the central bank. 
D)  allied nations' currencies will move in opposition, creating a balance.

Question 9

The _____________ states that in an efficient market,like items will have like prices.

Accepted Answer

The answer of The _____________ states that in an efficient...

Question 10

The Big Mac Index is an example of purchasing power parity (PPP),an international measure of junk food consumption.

Accepted Answer

A) True 
 B)False

Question 11

The _______________ says that the interest rate differentials for any two currencies will reflect the expected change in their exchange rates.

Accepted Answer

internatio

Question 12

_______________ assumes that past exchange rate patterns (trends,waves)can predict future ones.

Accepted Answer

The answer of _______________ assumes that past exchange rate patterns...

Question 13

In 1717,Sir Isaac Newton took Britain from the silver standard (pounds sterling)to

Accepted Answer

A)  floating exchange rates. 
B)  fixed exchange rates, using silver. 
C)  the gold standard, with fixed rates. 
D)  pegged rates. 
A)  floating exchange rates. 
B)  fixed exchange rates, using silver. 
C)  the gold standard, with fixed rates. 
D)  pegged rates.

Question 14

The Fisher effect describes interest rate parity; it's the law of one price applied to interest rates.Interest rates vary to take anticipated differences in inflation levels into account.

Accepted Answer

A) True 
 B)False

Question 15

The Jamaica Agreement demonetized _________.

Accepted Answer

The answer of The Jamaica Agreement demonetized _________....

Question 16

Inflated currencies tend to weaken.

Accepted Answer

A) True 
 B)False

Question 17

The three major taxes governments use to generate revenue are

Accepted Answer

A)  VAT, income tax, and withholding tax. 
B)  sales tax, VAT, and income tax. 
C)  property tax, VAT, and sales tax. 
D)  income tax, property tax, and sales tax. 
A)  VAT, income tax, and withholding tax. 
B)  sales tax, VAT, and income tax. 
C)  property tax, VAT, and sales tax. 
D)  income tax, property tax, and sales tax.

Question 18

In an inflationary economy the following conditions may be present:

Accepted Answer

A)  demand exceeds supply. 
B)  money supply is increasing. 
C)  prices are rising. 
D)  All of these options are correct. 
A)  demand exceeds supply. 
B)  money supply is increasing. 
C)  prices are rising. 
D)  All of these options are correct.

Question 19

_______________ is a sustained increase in prices.

Accepted Answer

Inflation
Explanatio

Question 20

The Bank for International Settlements is

Accepted Answer

A)  a bank for central bankers. 
B)  a last resort for overdue national debt. 
C)  an organized arbitration panel sponsored by the UN. 
D)  an arbitrage clearinghouse for Organisation for Economic Co-operation and Development (OEC
D)  economies. 
A)  a bank for central bankers. 
B)  a last resort for overdue national debt. 
C)  an organized arbitration panel sponsored by the UN. 
D)  an arbitrage clearinghouse for Organisation for Economic Co-operation and Development (OEC
D)  economies.

Currency exchange controls are found most frequently in

Historically,gold has been used as a way for people to store value because of its

One attribute of the U.S.tariff schedule is

The price of one currency expressed in terms of the other currency is known as the _____________ quotation.

Bitcoin and the ___________ are similar in that they are both currencies and both virtual.

Hawala is a

After the crises in Japan in the spring of 2011,the

A fixed peg currency arrangement means that

The _____________ states that in an efficient market,like items will have like prices.

The Big Mac Index is an example of purchasing power parity (PPP),an international measure of junk food consumption.

The _______________ says that the interest rate differentials for any two currencies will reflect the expected change in their exchange rates.

_______________ assumes that past exchange rate patterns (trends,waves)can predict future ones.

In 1717,Sir Isaac Newton took Britain from the silver standard (pounds sterling)to

The Fisher effect describes interest rate parity; it's the law of one price applied to interest rates.Interest rates vary to take anticipated differences in inflation levels into account.

The Jamaica Agreement demonetized _________.

Inflated currencies tend to weaken.

The three major taxes governments use to generate revenue are

In an inflationary economy the following conditions may be present:

_______________ is a sustained increase in prices.

The Bank for International Settlements is

The Challenging Context of International Business

International Trade and Investment

Sociocultural Forces

Sustainability and Natural Resources

Political Forces That Affect Global Trade

Intellectual Property Rights and Other Legal Forces

Economic and Socioeconomic Forces

International Competitive Strategy

Organizational Design and Control

Global Leadership Issues and Practices

International Markets: Assessment and Entry Modes

Marketing Internationally

Managing Human Resources in an International Context

International Accounting and Financial Management

Appendix A: International Institutions From a Business Perspective

Appendix B: Export and Import Practices

Appendix C: Global Operations and Supply Chain Management

Filters

Exam 8: The International Monetary System and Financial Forces

Currency exchange controls are found most frequently in

Historically,gold has been used as a way for people to store value because of its

One attribute of the U.S.tariff schedule is

The price of one currency expressed in terms of the other currency is known as the _____________ quotation.

Bitcoin and the ___________ are similar in that they are both currencies and both virtual.

Hawala is a

After the crises in Japan in the spring of 2011,the

A fixed peg currency arrangement means that

The _____________ states that in an efficient market,like items will have like prices.

The Big Mac Index is an example of purchasing power parity (PPP),an international measure of junk food consumption.

The _______________ says that the interest rate differentials for any two currencies will reflect the expected change in their exchange rates.

_______________ assumes that past exchange rate patterns (trends,waves)can predict future ones.

In 1717,Sir Isaac Newton took Britain from the silver standard (pounds sterling)to

The Fisher effect describes interest rate parity; it's the law of one price applied to interest rates.Interest rates vary to take anticipated differences in inflation levels into account.

The Jamaica Agreement demonetized _________.

Inflated currencies tend to weaken.

The three major taxes governments use to generate revenue are

In an inflationary economy the following conditions may be present:

_______________ is a sustained increase in prices.

The Bank for International Settlements is

The Challenging Context of International Business

International Trade and Investment

Sociocultural Forces

Sustainability and Natural Resources

Political Forces That Affect Global Trade

Intellectual Property Rights and Other Legal Forces

Economic and Socioeconomic Forces

International Competitive Strategy

Organizational Design and Control

Global Leadership Issues and Practices

International Markets: Assessment and Entry Modes

Marketing Internationally

Managing Human Resources in an International Context

International Accounting and Financial Management

Appendix A: International Institutions From a Business Perspective

Appendix B: Export and Import Practices

Appendix C: Global Operations and Supply Chain Management

Filters