Question 9: (On Bretton Woods) In essence, the abolition of the Bretton Woods agreement, by U.S president Richard Nixon, gave to Central Bankers control over;

a): interest rates

b) The exchange value of their currency

c) Financial supervision

d): economic growth and employment

e): all of the above

f): none of the above

Question 10: (Foreign Exchange Regime and Control over Interest rates) Under the Bretton Woods Agreement Central Bankers in order to accommodate the required fixed foreign exchange rates, had to endure interest rate volatility.

a): True b): False

Question 11: Under an international Gold Standard regime trade surpluses would lead to and a (an). in the domestic interest rates.

a): a gain in domestic Gold reserves, decrease

b): a loss of domestic Gold Reserves, decrease

c): a gain in domestic Gold reserves, increase

d): a loss in domestic Gold reserves, increase