International business quiz ch 10

International business quiz ch 10 - The correct answer for...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
. 1 CORRECT One of the main functions of the Bank for International Settlements (BIS) is to be an agent or trustee for governments in various international financial arrangements. True B 2 CORRECT A vehicle currency is used by a country to intervene in the foreign currency exchange market, often to buy its own currency. A False 3 CORRECT When the law of one price is applied to interest rates, it suggests that interest rates vary to take account of different anticipated levels of inflation. True 4 CORRECT The currency exchange controls are reducing in many developing countries so as to encourage foreign investment. True 5 CORRECT Most inflation is measured by a consumer price index (CPI), which takes into account the price changes in a basket of consumer goods, the prices of intermediate goods and services, and the prices of capital assets. False
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

International business quiz ch 10 - The correct answer for...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online