A central bank can fix an exchange rate

Select one:

a. only for as long as it has independence of monetary policy

b. only for as long as the market believes that it has the political will to do so

c. only for as long as it has reserves of gold

d. in perpetuity (forever)

The key driver of S&P/Moodys (the largest global rating agencies) sovereigns economic assessment is

Select one:

a. economic diversity and volatility

b. all of the listed options apply

c. income levels

d. growth prospects

In any given year, 80 percent of new international bonds are likely to be

Select one:

a. foreign currency bonds

b. Eurobonds

c. domestic bonds

d. none of the options provided apply

While the corporate governance problem is not confined to the United States,

Select one:

a. the U.S. legal system, with lawsuits used only as a last resort, ensured that any conflicts of interest would soon be a thing of the past.

b. none of the provided options apply

c. it has reached its high point in the United States.

d. it can actually be a much more serious problem in other parts of the world, where the legal protection of shareholders is weak or nonexistent.