1- The institutions of global finance are

A- investment banks.

B- All answers are correct

C- commercial banks.

D- central banks.

2- The International Monetary Fund (IMF):

A-aids countries with balance of payment and exchange rate problems.

B- was created as a result of the Bretton Woods Agreement.

C- All answers are correct

D- in recent years has provided large loans to Russia, South Korea, and Brazil.

3- The countries that use the euro as their currency have:

A- gained control over their own money supply (monetary independence), allowed the free movement of capital in and out of their economies (financial integration), but give up exchange rate stability.

B- agreed to use a single currency (exchange rate stability), allow the free movement of capital in and out of their economies (financial integration), but give up individual control of their own money supply (monetary independence).

C- agreed to use a single currency (exchange rate stability), allow individual control of their own money supply (monetary independence), but give up the free movement of capital in and out of their economies (financial integration).

D- All answers are NOT correct