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Practice Questions
The Classical Gold Standard Practice Questions
Why did the classical gold standard come to an end?
*
a. The Civil War
b. The Spanish-American War
c. World War I
d. World War II
Which of the following is NOT an advantage of the classical gold standard:
*
a. It was governed by clear and predictable rules
b. Governments could easily inflate away their debts
c. It allowed a higher level of trade to occur
d. It made borrowing between governments more reliable
According to the price-specie flow mechanism, if prices differ across nations:
*
a. gold will move to bring prices into international equilibrium
b. gold will move to exacerbate the disequilibrium
c. gold will be abandoned in nations where it is less valuable
d. substitutes will be found for gold in nations where it is more valuable in use
The “gold points” concept explained why prices could differ by small amounts between nations. This occurred because:
*
a. Arbitrageurs did not exist at this time
b. It was considered desirable to have price discrepancies
c. it was expensive to ship gold from one nation to another
d. it was cheap to ship gold from one nation to another
If a bank under the classical gold standard was short on reserves, it could attract gold from abroad by:
*
a. raising domestic prices
b. curtailing its exports
c. lowering its discount rate
d. raising its discount rate
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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
Home Bias
Practice Questions
Introduction to Mercantilism
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
