Question
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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