Site MapHelpFeedbackMultiple Choice Quiz
Multiple Choice Quiz
(See related pages)



1

The gold standard existed until
A)1911.
B)the end of World War I.
C)the end of World War II.
D)the 1970s.
2

Which of the following organizations did not originate at the Bretton Woods Conference?
A)the International Monetary Fund (IMF)
B)the World Trade Organization (WTO)
C)the World Bank
D)all of the above originated at the Bretton Woods Conference
3

Which of the following was an objective of the International Monetary Fund (IMF)?
A)assistance in the pursuit of relatively free trade in the world economy
B)the pursuit of stability in exchange rates
C)the pursuit of flexible exchange rate systems
D)all of the above were IMF objectives
E)a and b only
4

The Bretton Woods System is widely thought to have performed
A)well from its start after World War II through the 1960s, but poorly from the 1960s through the demise of the system in the 1970s.
B)poorly from its start after World War II through its demise in the 1970s.
C)well from its start after World War II through its demise in the 1970s.
D)poorly from its start after World War II through the 1960s, but well from the 1960s through the demise of the system in the 1970s.
5

Special drawing rights are
A)paper assets created by the International Monetary Fund.
B)the official currency of the International Monetary Fund, backed by gold or silver.
C)another name for debt rescheduling.
D)all of the above.
6

The Smithsonian Agreement
A)created a new international system that was characterized by flexible exchange rate regimes in all major countries.
B)set new par values for the major currencies.
C)finally corrected the fixed exchange system - no major changes to the system have occurred since.
D)was formulated in the late 1940s.
7

The right of each country to adopt whatever exchange rate mechanism it wishes was part of the
A)Maastricht Treaty.
B)Smithsonian Agreement.
C)Bretton Woods Agreement.
D)Jamaica Accords.
8

The Maastricht Treaty
A)was, in part, a plan to create a European common market.
B)was, in part, a plan to establish a common European currency.
C)was a peace treaty that ended the Second World War.
D)was all of the above
9

In the European Monetary Union,
A)individual member countries' currencies remain legal tender, but euros are also legal tender.
B)a single exchange rate with respect to the rest of the world exists.
C)individual member countries' currencies are no longer legal tender; only euros are legal tender.
D)b and c.
10

IMF conditionality
A)involves IMF loans to a developing country only if the developing country agrees to follow macroeconomic policies approved by the IMF.
B)involves IMF loans to a developing country only if the developing country agrees to join the IMF and the United Nations (UN).
C)is seen as a threat to national sovereignty by developing countries.
D)a and c.
E)b and c.





To learn more about the book this website supports, please visit its Information Center.
(c)2006 McGraw-Hill Higher Education
Any use is subject to the Terms of Use and Privacy Policy.
McGraw-Hill Higher Education is one of the many fine businesses of The McGraw-Hill Companies.


International EconomicsOnline Learning Center

Home > Chapter 29 > Multiple Choice Quiz