Exam 9: Global Finance and Business

A hard currency can be __________ leading world currencies.

International alliances between __________ headquartered in different states are becoming more frequent.

Though private speculators may lose out because of it,a successful intervention in __________ can make money for governments.

__________ exchange rates exist when a government establishes official rates of exchange for its currency,whereas __________ exchange rates exist when exchange rates are determined by global currency markets.

Under President Nixon,the international economic system moved from __________ exchange rates to __________ exchange rates.

The summary of a state's financial transactions with the rest of the world,including trade,foreign aid,and the remittance of income by citizens employed abroad,is known as a __________.

The largest default in IMF history was made by __________ in 2003.

Buying stocks and bonds in a foreign country is an example of __________.

In the first three weeks of 2009,after the price of its main export,oil,plummeted,Russia depreciated its ruble six times.This is an example of the principle of __________.

How does the IMF assist countries in balancing their economies?

Generally,multinational corporations support stable international security relations and promote policies favorable to business.

The IMF and the World Bank use a __________ system.

The __________ is basically the balance of trade,whereas __________ are foreign investments in and by a country.

Though limited in efforts to do so,governments cooperate to manage the fluctuations of exchange rates.

Some multinational corporations sell goods,whereas others,such as McDonald's,sell __________.

In attempting to join the world capitalist economy in 1991,Russia and Eastern European countries faced which challenge?

The relative value of __________ can be set by fixed exchange rates.

How is monetary policy distinguished from fiscal policy?

In an effort to keep track of the flow of money in and out of states,the __________ operates a system of national accounts.

As it pursued the complicated transition from communism to capitalism,Russia's position declined drastically,and it is still not fully integrated into the __________.