Hard currency is:

Related Mcqs:

1. Why are governments, even when acting together, at a disadvantage when intervening in international currency markets?

   A. They can’t use state funds to buy or sell currencies
   B. All of their movements are tightly regulated by the IMF
   C. Developing countries oppose the manipulation of markets by developed countries
   D. The control only a small fraction of the money moving on such markets

2. Devaluation of a stat’s currency:

   A. increases the total portfolio value of foreigners who hold that currency
   B. causes a drop in demand for that currency
   C. increases confidence in a state’s ability to meet its debts
   D. is rarely a quick fix for financial problems in the short term

3. A unilateral move to reduce the value of one’s own currency by changing a fixed or official exchange rate is known as:

   A. revaluation
   B. reduction
   C. restructuring
   D. devaluation

4. What institution coordinates international currency exchange, the balance of international payments, and national accounts?

   A. International Monetary Fund
   B. All these answers are correct
   C. World Bank
   D. World Exchange Organization

5. A _________ is responsible for maintaining the value of a state’s currency to the extent that it can by limiting the amount of money printed and avoiding inflation.

   A. regulatory commission
   B. central bank
   C. fiscal policy
   D. currency policy

6. Order the following events in global trade and finance i.Establishment of electronic of electronic stock exchange ii.Formation of WTO III.The first McDonalads

   A. i, ii, iii
   B. ii, iii, i
   C. iii, i, ii
   D. iii, ii, i

7. What is global sourcing?

   A. Companies export material throughout the global
   B. Companies find materials, components and services from anywhere in the world
   C. Companies pool resources to find new sources
   D. None of the above

8. Which of these is NOT a form of standing wealth?

   A. hard currency reserves
   B. homes
   C. factories
   D. None of these answers is correct

9. What is the name of the U.S. central bank?

   A. Bank of America
   B. Ameri bank
   C. First National Bank of America
   D. Federal Reserve

10. The U.S. government agency responsible for determining whether low-priced imports are unfair or have hurt U.S. industry is the:

    A. International Trade Commission
    B. Commerce Department
    C. Fair Trade Council
    D. House Commerce Committee