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True or False
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1
The gold exchange standard was so called because foreign central banks could exchange their US$ for American gold through the U.S. government.
A)True
B)False
2
The International Finance Corporation (IFC) is an investment banker, arranging private risk ventures in developing countries.
A)True
B)False
3
The Bank for International Settlements (BIS) provides anonymous cover for member countries as they transfer large amounts of gold or currencies.
A)True
B)False
4
Countries that peg their currency to the U.S. dollar are indicating a desire to be in harmony with U.S. foreign policy.
A)True
B)False
5
With the U.S. dollar as the world's major reserve asset, other countries can increase their dollar reserves more easily if the U.S. runs a BOP deficit.
A)True
B)False





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