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True or False
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1
The international monetary system is the institutional arrangements that countries adopt to govern exchange rates.
A)True
B)False
2
A system under which the exchange rate for converting one currency into another is fixed is referred to as a pegged exchange rate.
A)True
B)False
3
The Canadian dollar was never part of the Gold Standard.
A)True
B)False
4
The Bretton Woods agreement called for a system of floating exchange rates that would be policed by the IMF.
A)True
B)False
5
The Bretton Woods agreement recognized that a rigid policy of exchange rates would be too inflexible.
A)True
B)False
6
The International Development Agency (IAD) is the official name for the World Bank.
A)True
B)False
7
Fixed exchange rates were replaced by a managed-gold system
A)True
B)False
8
The Jamaica Agreement was about Jamaica joining the IMG
A)True
B)False
9
The value of the dollar has been determined by both market forces and government intervention.
A)True
B)False
10
The current system is often referred to as a managed-float system, or a dirty float
A)True
B)False
11
A currency board is the concept related to having a "pegged" exchange rate.
A)True
B)False
12
The Canadian dollar has been rising against the U.S. dollar and this has helped U.S. studios filming in Canada.
A)True
B)False
13
The financial crisis that erupted across Southeast Asia during the fall of 1997 has emerged as the biggest challenge ever.
A)True
B)False
14
One criticism of IMF is that its rescue efforts are exacerbating a problem known to economists as moral hazard.
A)True
B)False





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