Exam 10: The Globalization of International Finance

Which of the following is the largest and the best know-known cryptocurrency?

Which British economist played a crucial role at the Bretton Woods conference?

Which country passed the United States as the largest global economy (in terms of purchasing power parity), raising questions about USU.S. leadership?

Which of the following refers to reserve assets used to settle international accounts?

Which concept refers to the selling of one currency (or product)and purchasing of another to make a profit on changing exchange rates?

The Bretton Woods system was based on what system of exchange rates?

What organizations were created to bolster financial and monetary relations under the Bretton Woods system?

What dominant economic approach of the Bretton Woods system combined open international markets with domestic state intervention to attain such goals as full employment and social welfare?

What is the likely motivation of a country that is letting the value of its currency decline?

What statistic or calculation summarizes a country's financial transactions with the external world?

Which concept refers to the relationship between geography and the economic conditions and behavior of states that define their levels of production, trade, and consumption of goods and services?

Which of the following refers to the distribution of strategic military and political power?

What are some of the positive and negative consequences to globalization? Why would autocratic regimes tend to refuse to integrate into the global economy more so than democratic regimes? Explain your answer.

What are cryptocurrencies? How do they function and what concerns do they raise? In your opinion, do cryptocurrencies have a future in international finance?

Who believes that by controlling the growth of the money supply, governments can regulate their nations' economic activity and control inflation?

What does the Federal Reserve engage in when it "prints money"?

What does foreign direct investment refer to?

What are the three basic steps of money laundering?

In 1944, 44 of the states allied against the Axis powers met to devise new rules and institutions that would govern international trade and monetary relations. Where did these negotiations take place?

The austerity measures taken to address the 2008 financial crisis were counterproductive. Some also argue that they led to which of the following?