Chapter 7 The International Monetary System and the Balance of Payments Homework
1.If two countries each devalue their currency by 20 percent, which of the following would happen?
2.Assume we are operating under the gold standard. If the fixed exchange rate between the U.S. dollar and the British pound is .50, and the dollar’s par value is 5, what is the pound’s par value?
3.Why did the sterling-based gold standard originally unravel?
4.How did the Marshall Plan assist the World Bank?
5.Which of the following organizations’ objectives include promoting international monetary cooperation, facilitating the expansion and balanced growth of international trade, promoting exchange stability, and shortening the duration and lessen the degree of disequilibrium in the international balance of payment of members?
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