Which currency is most commonly traded?
What will be an ideal response?
Question 2 - Many of the important international governmental institutions that deal with the global economy have their roots in the Bretton Woods conference at the end of World War II.
Indicate whether the statement is true or false
Question 3 - The pattern of protection in industrial countries is particularly harmful to the interests of
A) low-income developing countries.
B) high-income industrial countries.
C) Asian nations.
D) European nations.
Question 4 - How does the growth in the daily volume of foreign currency transactions compare with the growth rate of the global economy?
What will be an ideal response?
Question 5 - Which of the following is an example of an institution whose primary concern is global stability?
A) NAFTA (North American Free Trade Agreement)
B) OPEC (Oil Producing and Exporting Countries)
C) IMF (International Monetary Fund)
D) Asian Development Bank
Question 6 - Since there are diminishing returns to the removal of further trade barriers, economists do not favor further negotiations.
Indicate whether the statement is true or false
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