11. According to the Impossible Trinity, within the euro zone, member countries enjoy a. independent monetary policies and fixed exchange rate and have free capital nows across bonders. b. fixed exchange rate and full financial integration, but lose the right to conduct independent monetary policies. c. fixed exchange rate and independent monetary policies, but have capital restrictions across borders. d. independent monetary policies and full financial integration, but still have exchange rate risk. 12. Anaconda Copper Inc, created a subsidiary in Chile last year to mine copper ore. The proportion of net income paid back to the parent company as a dividend would be recorded in the current account subcategory of a. goods trade b. services trade c. primary income d. unilateral transfers 13. Which of the following statements about the Gold Standard is correct? a. The gold standard allowed currencies to fluctuate around a certain margin. b. The gold standard was maintained during the Great Depression. c. The gold standard broke down because the U.S. did not have enough gold reserves. d. The central banks of the countries had to maintain enough gold reserves to redeem for their currencies, therefore imposing discipline on money supply. 14. In 2020 , the United States posted a current account deficit of $480 billion. The bulk of the deficit came from: a. a goods trade deficit. b. a net transfer deficit. c. a service trade deficit. d. an income balance deficit. 15. Which of the following was not a reason for the breakdown of the Bretton Woods system? a. Triffin's dilemma. b. Dollar glut. c. Dollar gap. d. Balance of payments deficit in the U.S. 16. is the largest foreign exchange market in the world