All else held constant, the near-term result of a decrease in the exchange value of country A's currency against country B's currency would most likely Select one:

A. increase A's exports to B.B. decrease B's trade deficit with A.C. increase B's exports to A.D. decrease B's imports from A.

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In order to purchase a vacation home in Great Britain, an American buyer would Select one:

A. demand British pounds and supply U.S. dollars in the foreign exchange market.B. demand U.S. dollars and supply British pounds in the foreign exchange market.C. demand and supply British pounds, but not U.S. dollars, in the foreign exchange market.D. demand and supply U.S. dollars, but not British pounds, in the foreign exchange market.

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Special Drawing Rights (SDRs) Select one:

A. constitute an international currency created by the International Monetary Fund.B. are considered as "paper gold", used as a substitute for gold in international exchange.C. are used as part of the official reserves of central banks to settle international debt.D. all of the above.

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Exports involve: Select one:

A. a demand for the exporting country's currency by the importer.B. a demand for the importing country's currency by the exporter.C. a supply of the exporting country's currency by the exporter.D. None of the above.

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Which of the following was established as a result of the Bretton Woods Conference? I. The International Monetary Fund (IMF) II. The World Bank III. The Geneva Conventions

Select one:

A. I and II onlyB. I and III onlyC. II and III onlyD. I, II, and III

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To what use are official reserves typically put by central banks? Select one:

A. Making up surpluses or deficits to arrive at the "Official Settlements Balance."B. Settling some of the debts between nations that result from international exchange.C. Both of the aboveD. None of the above.

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The World Bank: I. Was founded as part of the Bretton Woods agreement II. Consists of two organizations making loans to the world's poor and poorest nations III. Makes loans typically used for agricultural and infrastructure development

Select one:

A. I and II onlyB. I and III onlyC. II and III onlyD. I, II, and III

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Under a system of floating exchange rates, which of the following wouldnottend to cause an increase in the value of a country's currency?

Select one:

A. An increased demand for the country's goods.B. Offering higher interest rates than other countries.C. A downturn in the country's business activity.D. A lower rate of inflation than other countries.

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Which of the following multilateral institutions provideslong-term development loansto governments of developing nations?

Select one:

A. The BISB. The IMFC. The World BankD. All of the above

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Shortly before the collapse of the Bretton Woods Agreement, the U.S. had

Select one:

A. approximately $1 in gold reserves for every $9 in foreign-held dollar liabilities.B. twice the amount of gold reserves as total dollar liabilities.C. no gold reserves with which to exchange foreign-held dollars.D. 100% gold backing for only those dollars held domestically by U.S. citizens.