S02-Institutions - Econ 340 Winter Term 2011 Study...

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Econ 340 Alan Deardorff Winter Term 2011 Institutions Study Questions Page 1 of 4 Study Questions Lecture 2 Institutions of the International Economy Part 1: Multiple Choice Select the best answer of those given. 1. Which of the following is not one of the international economic institutions that were created at the end of World War II? a. International Monetary Fund b. International Bank for Reconstruction and Development c. General Agreement on Tariffs and Trade d. World Trade Organization e. World Bank 2. During the half century since the end of World War II, a. The major currencies of the world, which initially had flexible exchange rates, have become fixed. b. The World Bank has switched from providing assistance to poor countries to primarily settling transactions among rich countries. c. The GATT has been transformed into the WTO. d. The IMF has changed from being a members-only bank to being a mutual fund for investment in emerging-economy stock markets. e.
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S02-Institutions - Econ 340 Winter Term 2011 Study...

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