Global Financial Markets and Regional Economic Integration: Key Concepts and Institutions
Analyzes global financial markets and institutions' role in regional economic integration.
Benjamin Fisher
Contributor
4.3
47
30 days ago
Preview (2 of 6)
Sign in to access the full document!
Global Financial Markets and Regional Economic Integration: Key Concepts
and Institutions
On August 15, 1971 President ___________ announced that the US would no longer redeem currency for gold.
a. Franklin D. Roosevelt
b. Bill Clinton
c. John F. Kennedy
d. Richard Nixon
Richard Nixon
(T/F) The OTC Market has gradually evolved into the largest, fastest and most flexible currency trading market in the world.
False
The __________ of the world have become highly interdependent because of improvements in _________ and transportation technologies and the lowering of barriers to trade.
a. Societies, education
b. Economies, communication
c. Cultures, living standards
d. Nations, religious acceptance
Economies, communication
(T/F) Currency arbitrage means buying a currency in one market at a low price and reselling moments later in another market at a higher price.
True
Select the two reasons that global financial markets are important to borrowers.
a. Expanding the supply of money and expanding lending opportunities
b. Expanding lending opportunities and reduce the cost of money
c. Reduce the cost of money and expand the supply of money
d. Reducing risk and expanding lending opportunities
C
(T/F) In the United States, the Federal Reserve Bank is responsible for regulating the growth of the economy, which is accomplished by the increase or decrease of money supply.
True
Participation is voluntary, but before qualifying to adopt the Euro, a country must participate in the _________ one of the convergence criteria for entry.
a. ERM
b. EMU
c. ERM II
d. EEC
e. ERM I
ERM II
(T/F) With 11 beginning member in 1952, the European Union has now grown to a total of 28 members.
False
and Institutions
On August 15, 1971 President ___________ announced that the US would no longer redeem currency for gold.
a. Franklin D. Roosevelt
b. Bill Clinton
c. John F. Kennedy
d. Richard Nixon
Richard Nixon
(T/F) The OTC Market has gradually evolved into the largest, fastest and most flexible currency trading market in the world.
False
The __________ of the world have become highly interdependent because of improvements in _________ and transportation technologies and the lowering of barriers to trade.
a. Societies, education
b. Economies, communication
c. Cultures, living standards
d. Nations, religious acceptance
Economies, communication
(T/F) Currency arbitrage means buying a currency in one market at a low price and reselling moments later in another market at a higher price.
True
Select the two reasons that global financial markets are important to borrowers.
a. Expanding the supply of money and expanding lending opportunities
b. Expanding lending opportunities and reduce the cost of money
c. Reduce the cost of money and expand the supply of money
d. Reducing risk and expanding lending opportunities
C
(T/F) In the United States, the Federal Reserve Bank is responsible for regulating the growth of the economy, which is accomplished by the increase or decrease of money supply.
True
Participation is voluntary, but before qualifying to adopt the Euro, a country must participate in the _________ one of the convergence criteria for entry.
a. ERM
b. EMU
c. ERM II
d. EEC
e. ERM I
ERM II
(T/F) With 11 beginning member in 1952, the European Union has now grown to a total of 28 members.
False
Preview Mode
Sign in to access the full document!
100%
Study Now!
XY-Copilot AI
Unlimited Access
Secure Payment
Instant Access
24/7 Support
Document Chat
Document Details
Subject
Finance