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Practice Questions
Bretton Woods Practice Questions
The Bretton Woods agreement did not create a true gold standard because: a) gold prices were not allowed to fluctuate
*
a. gold prices were not allowed to fluctuate
b. countries could denominate their currencies in gold or silver
c. not all countries agreed to tie their currency to gold
d. domestic currency was not redeemable in gold
The exchange rate between currencies was fixed but adjustable, meaning:
*
a. countries could readjust the peg to reflect internal fiscal conditions
b. international exchange rates were reassessed every few months
c. the exchange rate peg was adjusted by k% per fiscal quarter
d. countries could not ever devalue their currencies
One reason the global peg to the US dollar failed was because:
*
a. countries refused to peg their currency to the dollar
b. the US only considered its own interests when conducting monetary policy
c. other countries were allowed to print US dollars
d. the US tried to maintain a fixed amount of dollars in circulation
The closure of the gold window meant that US dollars:
*
a. lost half their value overnight
b. were overvalued relative to their worth
c. were no longer convertible to gold at a fixed rate
d. were no longer accepted by the international community in exchanges
After the breakdown of the Bretton Woods system, currencies existed in a system of:
*
a. floating exchange rates
b. extreme volatility
c. fixed exchange rates
d. significant distrust in exchange
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International Finance
Course
(55 videos)
Introduction to International Trade and Finance
Balance of Payments
Practice Questions
Purchasing Power Parity
Practice Questions
David Hume on the Balance of Trade
Practice Questions
Isaac Gervaise
Practice Questions
Exchange Rates
Real Exchange Rates
Practice Questions
Real and Nominal Exchange Rates
Practice Questions
Are Devaluations Contractionary?
Practice Questions
Forward Exchange Rates
Practice Questions
Covered Interest Parity
Practice Questions
Uncovered Interest Parity and the Carry Trade
Practice Questions
Speculative Attacks
Practice Questions
The “Peso Problem”
Practice Questions
Long Swings in Exchange Rates
Practice Questions
Swiss Franc Peg
Practice Questions
Bela Balassa
Practice Questions
Currency Issues
The Classical Gold Standard
Practice Questions
Gold Exchange Standard
Practice Questions
Bretton Woods
Practice Questions
Reserve Currencies
Practice Questions
Safe Haven Currencies
Practice Questions
Capital Controls
Practice Questions
Currency Manipulation
Practice Questions
Chinese Currency Manipulation
Practice Questions
Borrowing in Your Own Currency
Practice Questions
The Euro Crisis
The Three Sides of the Crisis
Practice Questions
The Case for Optimism
Practice Questions
The Case for Pessimism
Practice Questions
European Central Bank
Practice Questions
The Bailout Funds
Practice Questions
Why are high bond yields a problem?
Practice Questions
The Italian Crisis of 2013
Practice Questions
The costs of leaving the Eurozone
Practice Questions
Remarks on individual countries
Practice Questions
Currency union collapse in history
Practice Questions
Indicators for Eurozone progress
Practice Questions
Life on the precipice
Practice Questions
Will austerity work?
Practice Questions
Effects on other multilateral agreements
Practice Questions
Optimum currency areas
Practice Questions
Optimum currency areas and the Euro
Practice Questions
Why is the Euro so bland?
Tyler Cowen lecture at the Bruno Leoni Institute (Optional)
Understanding the Eurocrisis (Optional)
Iceland: Causes of the Crisis
Iceland: Collapse
International Trade Overview
Trade Imbalances
Practice Questions
Dark Matter
Practice Questions
The “Dutch Disease”
Practice Questions
Introduction to Mercantilism
Practice Questions
Home Bias
Practice Questions
Adam Smith on Mercantile Systems
Practice Questions
Adam Smith on Mercantile Conclusions
Practice Questions
Crises and Responses to Them
Asian Financial Crisis of 1997
Practice Questions
Mexico and the 2008 Financial Crisis
Sudden Stops
Practice Questions
