Globalization And International Financial System Quiz

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10cboone
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  • 1/9 Questions

    Globalization implies the growth of a single, unified ______ market.

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About This Quiz

Take the Globalization and International Financial System Quiz to get a better understanding of financial nuances. A lot of businesses have their eyes set on having a global presence, but there are a number of factors they must take into consideration before they expand. The quiz below will test your understanding of some of the rules and regulations put in place by the international financial systems to ensure the free flow of trade. Check it out and see what you might learn!

Globalization And International Financial System Quiz - Quiz

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  • 2. 

    The set of regimes created to promote monetary stability and reduce barriers to the free flow of trade and capital is the ______

    • Democratic Order

    • Monetary Order

    • Drive-Thru Order

    • Liberal International Economic Order

    Correct Answer
    A. Liberal International Economic Order
    Explanation
    The correct answer is the Liberal International Economic Order. This term refers to a set of regimes that aim to promote monetary stability and reduce barriers to the free flow of trade and capital. It is characterized by policies such as free trade, open markets, and deregulation, with the goal of fostering economic growth and development on a global scale. This order emphasizes the importance of liberal economic principles and cooperation among nations in shaping the global economy.

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  • 3. 

    What is calculated through the international monetary system?

    • Student loans

    • Mortgage

    • Credits

    • Currencies

    • Both C and D

    Correct Answer
    A. Both C and D
    Explanation
    The international monetary system calculates both credits and currencies. The system is responsible for determining the exchange rates between different currencies and facilitating international transactions. It also tracks and monitors credit flows between countries, including loans and other forms of credit. Therefore, both options C (credits) and D (currencies) are calculated through the international monetary system.

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  • 4. 

    The ______ of finance is creating the emergence of a single unified World Market.

    Correct Answer
    Green Tree,
    global
    globalization
    devaluation
    Explanation
    The correct answer is "globalization". The sentence suggests that the process of globalization in finance is leading to the emergence of a single unified world market. The other options, "Green Tree" and "devaluation", do not fit the context and do not make sense in relation to the sentence.

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  • 5. 

    What is the financial procedure used to calculate the value of currencies and credit when capital is transferred across borders through trade, investment, foreign aid, and loans.

    • International political economy

    • Pro-economics

    • International monetary system

    • Exchange rates

    Correct Answer
    A. International monetary system
    Explanation
    The international monetary system refers to the financial procedure used to calculate the value of currencies and credit when capital is transferred across borders through trade, investment, foreign aid, and loans. It encompasses the rules, institutions, and agreements that govern international financial transactions and exchange rates.

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  • 6. 

    The economic system set up by the Allies at the end of World War 2 is known as:

    • World Trade Organizations

    • The capitalist manifesto

    • Bretton Woods

    • General Agreement of Trades and Tariffs

    • The Marshall Plan

    Correct Answer
    A. Bretton Woods
    Explanation
    The economic system set up by the Allies at the end of World War 2 is known as Bretton Woods. This system was established in 1944 at the Bretton Woods Conference in New Hampshire, USA. It aimed to create a stable international monetary system by fixing exchange rates to the US dollar and establishing the International Monetary Fund (IMF) and the World Bank. The Bretton Woods system played a significant role in promoting economic stability and facilitating international trade and investment in the post-war era.

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  • 7. 

    What do some analysts say will replace geopolitics?

    • Globalization

    • Geo-economics

    • Laissez-faire

    • Arbitrage

    • Ice-caps

    Correct Answer
    A. Geo-economics
    Explanation
    Some analysts believe that geo-economics will replace geopolitics as the dominant force in global affairs. Geo-economics refers to the use of economic power and influence to shape international relations and policies. With the increasing interconnectedness of economies and the rise of economic blocs, such as the European Union and BRICS, economic factors are becoming more significant in determining political and strategic outcomes. This shift towards geo-economics reflects the growing importance of trade, investment, and economic cooperation in shaping the global landscape.

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  • 8. 

    The __________ policy is required by the International Monetary Fund (IMF) and the World Bank. 

    Correct Answer
    Structural Adjustment,
    mid crisis
    mental
    pineapple express
  • 9. 

    ______ Unions facilitate economic flows among their members.

    Correct Answer
    Regional Currency
    international trade
    global south
    global north
    Explanation
    Unions facilitate economic flows among their members by promoting regional currency, international trade, and bridging the economic divide between the global south and global north. Regional currency encourages trade within a specific region, making transactions easier and promoting economic integration. International trade allows unions to expand their economic activities beyond their borders, fostering economic cooperation and growth. Additionally, unions play a crucial role in bridging the economic gap between the global south and global north by advocating for fair trade practices and addressing economic inequalities.

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  • Current Version
  • Dec 14, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Apr 02, 2010
    Quiz Created by
    10cboone
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