International Trade Theory and Policy
by Steven M. Suranovic

Finance 100

Finance 100

Finance Questions 100 J-1

DIRECTIONS: As in the popular TV game show, you are given an answer to a question and you must respond with the question. For example, if the answer is, "the value of goods and services sold to foreigners", then the correct question is, "What are exports?"
  1. the Bretton-Woods exchange system was this type of exchange rate standard.
  2. the price of gold in terms of dollars when the Bretton-Woods system began.
  3. this international organization was created to help countries with balance of payments problems in the Bretton-Woods system.
  4. this is what a country runs when its central bank sells foreign reserves in exchange for its own currency.
  5. name given to the problem of excessive US dollar holdings by foreign central banks.
  6. percentage of world monetary gold held by US in 1948.
  7. percentage of world monetary gold held by US in 1970.
  8. this country's suspension of dollar convertibility to gold eliminated an important constraint that allowed the system to function properly.
  9. name of the agreement meant to salvage the Bretton-Woods system in the early 1970s.
  10. month and year in which the Bretton-Woods system finally collapsed.

 

International Finance Theory and Policy - Chapter 100: Last Updated on 1/6/08