The _____ was created to provide a forum for regular discussion of trade matters, and to implement
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- The _____ was created to provide a forum for regular discussion of trade matters, and to implement a well-defined process for settling trade disputes that might arise among countries.
- World Trade Organization
- International Monetary Fund
- General Agreement on Tariff and Trade
- World Bank
- USTR
- ______ measures the total value of all goods and services produced by a country during a year and is a measure of the extent of economic activity in a country
- Gross domestic product
- Net national product
- National income
- Gross national product
- Balance of Finance
- The CPI (with 2000 as the base year) for Country A was reported at 112 in 2005 and 118 in 2006. Calculate the approximate annual inflation rate for this country.
- 5.36
- -5.36
- 4.5
- -5.13
- 4.58
- The international investment position of a country:
- corresponds to the total national debt of a nation.
- corresponds roughly to the sum of a country's trade deficits and surpluses over time.
- equals the total value of foreign assets held by domestic residents.
- equals the total value of domestic assets held by foreigners.
- corresponds to the sum of the nation's government budget deficits over time.
- Which of the following rules are established by a country under a gold standard?
- A country fixes it currency value to dollars.
- A country establishes a currency board.
- A country fixes its currency value to a weight of gold
- A country fixes its currency value to a composite currency.
- A country fixes its currency value to euros.
- Suppose in 1915, Mexico fixed its currency at 280pesos per ounce of gold while Canada fixed its currency to C$25 per ounce of gold. As a result of the gold-currency convertibility in both countries, the peso/C$ exchange rate will be:
- 8.90pesos/C$.
- 0.75pesos/C$.
- 12.20 pesos/C$.
- 11.20pesos/C$.
- 10.02pesos/C$.
- The core services / activities of the International Chamber of Commerce are:
- practical services to business;
- working against commercial crime;
- being an advocate for international business;
- spreading business expertise;
- All of the above
- The development of increased trade imbalances and country indebtedness, together with subsequent competitive currency devaluations aiming to strengthen a country's own exports have resulted in:
- Increased stock prices in Japan
- The implementation of the gold standard being in most countries of the world
- More volatility in currency exchange rates
- All of the above
- None of the above
- The spot rate is the rate at which a foreign exchange trade can be transacted:
- Immediately
- After exactly 30 days
- At any time, including the weekends
- None of the above
- How does a company hedge against currency risks?
- Currency options
- Future Contracts
- Forward currency contracts
- All of the above
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