Int. Business, Chapter 6

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

Which of the following is true for the International Development Association (IDA)?

(NOT) It provides interest-free loans to countries with sovereign guarantees.

The bonds issued by the World Bank are rated _____ because they are backed by the member states' shared capital and by borrowers' sovereign guarantees.

AAA

_____ refers to the percentage of the assets in cash or another liquid form that banks are required to maintain.

Bank reserve

The _____ Agreement was a new dollar-based monetary system, which gave countries the flexibility they needed to manage temporary economic setbacks.

Bretton Woods

The brainchild of Swiss economics professor Klaus Schwab, _____, is an annual forum that the world's largest businesses attend with senior government officials from around the world and leaders of thought on economic, social, and political issues.

Davos

_____ refers to a situation when a currency's value increases or decreases based on demand and supply.

Float

Which of the following is true for the International Bank for Reconstruction and Development (IBRD)?

It disburses loans to countries with the purpose of building economies and reducing poverty.

Which of the following is true for the International Finance Corporation (IFC)?

It facilitates sustainable development by improving investments in the private sector.

Identify the correct statement about the Louvre Accord.

It focused on stabilizing the value of the dollar through collective efforts.

Which of the following is true for the International Centre for Settlement of Investment Disputes (ICSID)?

It provides a means for dispute resolution between governments and private investors with the end goal of enhancing the flow of capital.

The _____ removed gold as the primary reserve asset of the IMF.

Jamaica Agreement

_____ refers to a main currency that many countries and institutions hold as part of their foreign exchange reserves.

Reserve currency

The _____, which devalued the U.S. dollar to $38 per ounce of gold, increased the value of other countries' currencies to the dollar, and increased the band within which a currency was allowed to float from 1 percent to 2.25 percent.

Smithsonian Agreement

Which of the following is an issue on which the World Bank has been criticized?

The bank's lending policies which often reward macroeconomic inefficiency in the underdeveloped world.

The _____ are often called the Bretton Woods Institutions.

World Bank and the IMF

Rapid Credit Facility refers to:

a system of disbursing loans which is front-loaded and has low conditionality.

The Millennium Development Goals refer to the eight international development goals that:

all 192 United Nations member states and 23 international organizations have agreed to achieve by the year 2015.

A Special Drawing Right (SDR) refers to:

an international monetary reserve asset issued by the IMF.

The Bretton Woods Agreement provided for the devaluation of a currency to enable:

countries to manage temporary but serious downturns.

Managed float system of exchange rates refers to a system in which currencies float against one another with:

governments intervening only to stabilize their currencies at set target exchange rates.

The IMF has been criticized for:

ignoring the dynamics of a country that they were dealing with.

Gold standard refers to the:

pre-World War I global monetary system that used gold as the basis of international economic exchange.

The central purpose of the World Bank is to:

promote economic and social progress in developing countries by helping raise productivity so that their people may live a better and fuller life.

The purpose of the International Monetary Fund is to:

promote exchange stability, to maintain orderly exchange arrangements among members, and to avoid competitive exchange depreciation.

Trade deficit refers to the:

value of imports being greater than the value of exports.


संबंधित स्टडी सेट्स

ACC 374 - Auditing - Module 5 + 6 + 7 + 8 + 9 Questions

View Set

Bushong ch 28-3 worksheet_ computed tomography

View Set

Chapter 7 JOB DESIGN AND WORK SCHEDULES

View Set

History I: Chapter 5 Multiple Choice

View Set