Global Roundtable on Economic Competition

Global Roundtable on Economic Competition

Assessment

Interactive Video

Business, Social Studies

10th Grade - University

Hard

Created by

Ethan Morris

FREE Resource

The video discusses the future of global economic competition, focusing on the dominance of the US dollar as a reserve currency and the emerging competition from other currencies like the Euro and the Chinese renminbi. It explores China's growing influence in global lending and the potential for a multipolar, multicurrency world. The role of the IMF and its Special Drawing Rights (SDRs) is examined, along with the implications of national decisions on currency risk and global markets. The discussion highlights the complexity of the global monetary system and the challenges of maintaining stability in a diverse currency landscape.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main topic of discussion in the Global Roundtable series?

The role of international trade agreements

The impact of technology on finance

The history of global currencies

The future of economic competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which currency is highlighted as a potential competitor to the dollar due to its lending practices?

Euro

Yen

Renminbi

Pound Sterling

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major concern regarding the Chinese renminbi's role as a global reserve currency?

Limited acceptance in Europe

High inflation rates

Volatility in exchange rates

Lack of financial infrastructure in China

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the IMF's proposed solution for a global currency?

Special Drawing Rights (SDRs)

A new digital currency

A cryptocurrency

A gold-backed currency

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What challenge is associated with the IMF's Special Drawing Rights?

Limited availability

High transaction costs

Lack of support from major economies

Determining the exchange rate with other currencies

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential outcome of the shifting power dynamics in global finance?

A single global currency

A multipolar currency world

The dominance of the Euro

The collapse of the IMF

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which region is expected to see an expansion of the Eurozone despite challenges?

North America

Middle East

Eastern Europe

South Asia

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