Globalization And International Financial System 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!
Questions and Answers
- 1.
What do some analysts say will replace geopolitics?
- A.
Globalization
- B.
Geo-economics
- C.
Laissez-faire
- D.
Arbitrage
- E.
Ice-caps
Correct Answer
B. Geo-economicsExplanation
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.Rate this question:
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- 2.
What is calculated through the international monetary system?
- A.
Student loans
- B.
Mortgage
- C.
Credits
- D.
Currencies
- E.
Both C and D
Correct Answer
E. Both C and DExplanation
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.Rate this question:
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- 3.
Globalization implies the growth of a single, unified ______ market.
Correct Answer
Global
political
commercial
liberalExplanation
Globalization implies the growth of a single, unified market that encompasses various aspects such as global, political, commercial, and liberal. This means that the market is not limited to a specific region or country, but rather extends globally, involving political, commercial, and liberal elements. The term "global" emphasizes the worldwide nature of the market, "political" suggests the involvement of governments and policies, "commercial" refers to business and trade, and "liberal" indicates the openness and freedom associated with the market.Rate this question:
- 4.
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.
- A.
International political economy
- B.
Pro-economics
- C.
International monetary system
- D.
Exchange rates
Correct Answer
C. International monetary systemExplanation
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.Rate this question:
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- 5.
The economic system set up by the Allies at the end of World War 2 is known as:
- A.
World Trade Organizations
- B.
The capitalist manifesto
- C.
Bretton Woods
- D.
General Agreement of Trades and Tariffs
- E.
The Marshall Plan
Correct Answer
C. Bretton WoodsExplanation
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.Rate this question:
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- 6.
The __________ policy is required by the International Monetary Fund (IMF) and the World Bank.
Correct Answer
Structural Adjustment,
mid crisis
mental
pineapple express - 7.
The ______ of finance is creating the emergence of a single unified World Market.
Correct Answer
Green Tree,
global
globalization
devaluationExplanation
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.Rate this question:
- 8.
The set of regimes created to promote monetary stability and reduce barriers to the free flow of trade and capital is the ______
- A.
Democratic Order
- B.
Monetary Order
- C.
Drive-Thru Order
- D.
Liberal International Economic Order
Correct Answer
D. Liberal International Economic OrderExplanation
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.Rate this question:
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- 9.
______ Unions facilitate economic flows among their members.
Correct Answer
Regional Currency
international trade
global south
global northExplanation
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.Rate this question:
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
-
Dec 14, 2023Quiz Edited by
ProProfs Editorial Team -
Apr 02, 2010Quiz Created by
10cboone
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