China Goes for Gold?
Interactive Video
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Business, Social Studies
•
University
•
Hard
Wayground Content
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main reason China is expected to increase its gold reserves?
To stabilize its economy
To diversify its reserves and project power
To reduce inflation
To support its agricultural sector
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the US dollar become a dominant global currency after World War I?
By forming alliances with Asian countries
By increasing its oil production
By reducing its national debt
By having more gold than European countries
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one potential benefit of having a strong global currency for the US?
Increased import tariffs
Greater flexibility in fiscal policy
Higher interest rates
Reduced foreign investments
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which currency is currently a significant rival to the US dollar in global reserves?
The Indian rupee
The Japanese yen
The British pound
The Euro
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What effect does the ability to substitute between different reserve currencies have on the system?
It reduces global trade
It increases inflation
It introduces more discipline
It decreases currency value
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