Answer TRUE Diff 2 Skill Concept Objective 3 88 The International Finance

Answer true diff 2 skill concept objective 3 88 the

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Answer: TRUEDiff: 2Skill: ConceptObjective: 388) The International Finance Corporation is charged with promoting the development of the private sector in developing countries.Answer: TRUEDiff: 1Skill: ConceptObjective: 3Learning Outcome: Summarize the roles of the international monetary system and global capitalmarket89) Quotas to the IMF must be paid in a combination of gold and a country's own currency.Answer: TRUEDiff: 2Skill: ConceptObjective: 3Learning Outcome: Summarize the roles of the international monetary system and global capitalmarket90) Japan holds the largest bloc of votes in the World Bank.Answer: FALSEDiff: 1Skill: ConceptObjective: 391) The country members of the World Bank each have one equal vote in decisions.Answer: FALSEDiff: 2Skill: ConceptObjective: 392) The World Bank follows what is called a soft loan policy.Answer: FALSEDiff: 2Skill: ConceptObjective: 393) A member country of the IMF may borrow up to 25 percent of its quota from the IMF.Answer: TRUEDiff: 1Skill: ConceptObjective: 322
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94) Under the Bretton Woods system, all countries agreed to peg the value of their currency to the U.S. dollar.Answer: FALSEDiff: 2Skill: ConceptObjective: 395) The Bretton Woods system did not allow for the adjustment of a currency's par value.Answer: FALSEDiff: 2Skill: ConceptObjective: 396) Unilateral transfers are recorded in the capital account of the balance of payments.Answer: FALSEDiff: 2Skill: ConceptObjective: 597) The balance of payments accounting system is a double entry system.Answer: TRUEDiff: 2Skill: ConceptObjective: 598) Truman officially ended the Bretton Woods system when he announced that the United Stateswould no longer redeem gold at $35 per ounce.Answer: FALSEDiff: 3Skill: ConceptObjective: 399) The Smithsonian agreement established a fixed exchange rate system.Answer: TRUEDiff: 1Skill: ConceptObjective: 3100) A managed float differs from a dirty float because under a managed float exchange rates move as a result of central bank intervention and supply and demand, while a dirty float involvesblack market intervention.Answer: FALSEDiff: 2Skill: ConceptObjective: 423
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101) Country X uses a crawling peg system, which means that the currency of Country X is fixedto either the U.S. dollar or the current gold standard.Answer: FALSEDiff: 2Skill: ApplicationObjective: 4102) The official settlements balance records the net impact of the central bank's interventions in the foreign-exchange market in support of the local currency.Answer: TRUEDiff: 2Skill: ConceptObjective: 6103) Why do you think the gold standard and mercantilism are considered opposites?Answer: The gold standard and mercantilism are opposites because the gold standard advocated the free export of gold while mercantilism advocated hoarding gold.
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