True/False     Short Answer 66. Foreign exchange not the monetary mechanism that

Question : True/False     Short Answer 66. Foreign exchange not the monetary mechanism that : 1401830


True/False     Short Answer


66. Foreign exchange is not the monetary mechanism that allows the transfer of funds

from one nation to another.



67.  The adoption of the euro in the European Union took place in 1990.



68. Each country has its own currency through which it expresses the value of its products.



69. The Bretton Woods conference recommended that each nation should not be at liberty

to use its macroeconomic policies for full employment.



70.  Negotiations to establish the postwar (World War II) international monetary system

took place at Bretton Woods, New Hampshire.



71.  In the 1960s, the United States began to experience sequential balance of payments




72.  Because of its use in international commerce, the dollar has remained strong

throughout the 1980s and 1990s.



73. One of the functions of the International Monetary Fund (IMF) was to monitor

problems that a country might experience in maintaining equilibrium in its balance

of payments.  By agreement, countries would need permission from the IMF to

alter their peg if the initial par value was to be adjusted by more than 10%.



74. Special Drawing Rights (SDRs) are special account entries on the World Bank books.



75. The IMF does not promote exchange stability to maintain orderly exchange

arrangements among members.





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