Intro to IR: Monetary Affairs

The US dollar is now worth 335 KZT, and before it was worth 400KZT, which statement is correct:

• the dollar has appreciated

• the tenge has depreciated

• the dollar has depreciated

• none of the above

The Gold Standard was a monetary system of

• fixed exchanges rates

• floating exchange rates

• pegged, but adjustable exchange rates

• neither

The Bretton Woods System was a system of:

• commodity standard

• floating exchange rates

• pegged, but adjustable exchange rates

• none of the above

The Bretton Woods System was the first effort of multilateral cooperation

• True

• False

Which was the first country to abandon the peg and break the Bretton Woods' committments:

• UK

• US

• Japan

• Germany

Under the post-Bretton Woods System countries are:

• free to chose exchange rate

• committed to fixed exchange rates

Under floating exchange rates government

• commits itself to keep its currency at a specific value

• does not commit itself to keep the currency at a sp. value

• fixes its currency in terms of a commodity

• fixes its currency in terms of gold

Balance of payments consist of:

• current account only

• current and capital account

• capital account only

• neither

Which institution is in charge of implementing monetary policies in a country

• The Ministry of Finance

• The Ministry of the Economy

• The Central Bank

• International Monetary Fund

If a country imports more goods than it exports, what do we have

• Current account deficit

• Capital account deficit

• Current account surplus

• None of the above