An exchange arrangement was formed in 1979 that governs the currencies of European union member countries. What this arrangement called ?

Related Mcqs:

1. There is an arrangement which allows a firm to use research from another firm at no cost in exchange for executing all of its trades with the firm that provides the research. What this arrangement is called?

   A. Mutual arrangement B. Quid Pro quo C. Bilateral arrangement D. common interest...

2. An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?

   A. relatively small; more difficult B. relatively small; easier C. relatively large; more difficult D. relatively large; easier...

3. Trade creation will more likely outweigh trade diversion for Country X that forms a customs union if the level of tariffs in Country X prior to the customs union is ________ and the total number of countries forming the customs union is _________?

   A. relatively high; relatively large B. relatively high; relatively small C. relatively low ; relatively large D. relatively low ; relatively small...

4. What is called the rules of laws which governs the internal affairs of an organization ?

   A. Corporate Laws B. Secondary Laws C. By laws D. Internal Laws...

5. The exchange rate system that best characterizes the present international monetary arrangement used by industrialized countries is ?

   A. freely fluctuating exchange rates B. adjustable pegged exchange rates C. managed floating exchange rates D. pegged or fixed exchange rates...

6. If two countries A and B are member of a currency union and there is a shift in consumer preferences away from the goods of country A and towards those of country B than which one of the following would help to offset the effect of the resulting changes in aggregate demand in A and B on inflation and unemployment in the tow countries ?

   A. A high degree of labour mobility between the tow countries B. An increase in government spending in country (A) C. A depreciation in the foreign exchange value of the common currency D. A low degree of capital mobility between the two countries...

7. Exchange rate of which of the following currencies falls because of persistent balance of payments deficit ?

   A. Gold currency B. Hard currency C. Silver currency D. Soft currency...

8. A ____ is a regional trading bloc in Which member countries eliminate internal trade barriers but maintain existing barriers against countries that are not member ?

   A. free trade area B. customs union C. common market D. monetary union...

9. Which exchange rate system involves a leaning against the wind|| strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over the long run ?

   A. pegged of fixed exchange rates B. adjustable pegged exchange rates C. managed floating exchange rates D. free floating exchange rates...

10. In the early eighties, the Federal Reserve pursed a tight monetary policy. All else being equal. the impact of that policy was to interest rates in the United States relative to those in Europe and cause the dollar to _______ against European currencies?

    A. decrease; depreciate B. decrease; appreciate C. increase; depreciate D. increase; appreciate...