International Currency Systems Quiz
Test your knowledge on international finance with questions about currency systems, exchange rates, and global economics.
#1
Which international currency system was established after World War II?
Gold Standard
Bretton Woods System
Floating Exchange Rate System
Fixed Exchange Rate System
#2
What is the primary currency used in international trade and finance?
Euro
British Pound
United States Dollar
Japanese Yen
#3
What is the main purpose of the International Monetary Fund (IMF)?
To promote international trade agreements
To provide loans and financial assistance to member countries
To regulate international stock markets
To establish global currency standards
#4
Which country is known for implementing a 'pegged' exchange rate system?
United States
China
Germany
United Kingdom
#5
What is the nickname given to the currency issued by the European Central Bank (ECB)?
Eurodollar
Euronote
Eurobond
Single Currency Unit (SCU)
#6
Which agreement led to the creation of the Eurozone and the adoption of the euro as a common currency?
Maastricht Treaty
Lisbon Treaty
Versailles Treaty
Rome Treaty
#7
What is the 'Impossible Trinity' in international economics referring to?
The inability to maintain a fixed exchange rate, independent monetary policy, and free capital movement simultaneously
The three largest economies in the world
A theory in monetary policy stating that achieving two out of three economic goals is impossible
A principle of international trade theory suggesting that all countries will eventually reach equilibrium in trade
#8
What was the name of the precursor to the European Union's common currency (Euro)?
European Currency Union (ECU)
European Monetary Unit (EMU)
European Currency System (ECS)
European Central Currency (ECC)
#9
What is the significance of the Plaza Accord?
It established the gold standard
It set exchange rate policies for the European Union
It coordinated efforts to depreciate the US dollar
It regulated the use of cryptocurrencies
#10
What is the purpose of the Special Drawing Rights (SDR) issued by the International Monetary Fund (IMF)?
To stabilize exchange rates
To finance development projects in low-income countries
To provide emergency funds for member countries
To serve as a supplementary reserve asset
#11
Which of the following is NOT a reserve currency?
US Dollar
Euro
Chinese Yuan
Indian Rupee
#12
Which international organization is responsible for monitoring and promoting global financial stability?
World Trade Organization (WTO)
Bank for International Settlements (BIS)
World Bank
Organization for Economic Cooperation and Development (OECD)
#13
Which of the following is NOT a characteristic of a currency crisis?
Sudden depreciation of the currency
High inflation rates
Massive capital outflows
Stable exchange rates
#14
What is the primary role of the Bank of International Settlements (BIS) in the international monetary system?
Issuing international bonds
Providing loans to developing countries
Regulating global stock markets
Facilitating cooperation among central banks and supervising banking activities
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