International Finance and Forex Management Module 1 Quiz

What is the primary objective of the United Nations?

• Facilitating economic growth in developed countries

• Regulating global financial markets

• Maintaining international peace and security

• Promoting international trade

Which organization replaced the General Agreement on Tariffs and Trade (GATT)?

• World Bank

• Asian Development Bank

• International Monetary Fund

• World Trade Organization

What does the acronym IMF stand for?

• International Monetary Fund

• International Market Federation

• International Management Fund

• International Monetary Facility

Which of the following is a function of the World Trade Organization (WTO)?

• Facilitating military cooperation

• Monitoring exchange rates

• Setting the framework for trade policies

• Providing loans to developing countries

What is the main purpose of the International Finance Corporation (IFC)?

• To provide loans to governments

• To support the growth of the private sector

• To regulate international trade

• To manage international disputes

Which of the following is NOT a member of the World Bank Group?

• World Trade Organization

• International Finance Corporation

• International Development Association

• International Bank for Reconstruction and Development

What is the main goal of the Asian Development Bank (ADB)?

• To promote military cooperation

• To provide loans for infrastructure development

• To regulate international trade

• To manage global financial crises

What does the term 'globalization' primarily refer to?

• The isolation of national economies

• The reduction of international cooperation

• The expansion of trade in goods and services

• The increase of trade barriers

Which of the following is a characteristic of a customs union?

• Independent trade policies with non-members

• Free movement of labor and capital

• Common external trade policy

• No trade barriers among members

What is the primary function of the Extended Fund Facility (EFF) of the IMF?

• To help countries with balance of payments problems

• To provide short-term loans

• To monitor exchange rates

• To fund infrastructure projects