Crowdly

Which of the following statements does not correspond to

the aims of the study course "Financial aspects of the international

economy"?

o study activities of the international

financial institutions

o study today's world monetary system operating

principles

o consider international finance, currency

relations as an aggregate relationship, which is closely related to other

economic processes

to research activities, international operation of the banking system

to study currency policy options and implementation

o research and analyse

European Union’s monetary system

In order to determine the share of each currency in the

currency basket, are used data on:

the share of countries in world GDP

the share of countries in world exports

the share of countries in world currency trade

per capita income

the share of countries in world gold reserves

Exchange rate is:

the price of one currency expressed in the currency basket

the ratio between two currencies

the price of one currency expressed in the international payment units

the price of one currency expressed in units of another currency

the price of the national currency, denominated in a foreign currency

all answers are correct

Criteria of

the optimum currency area -

which

of the statements are correct

states must have similar monetary policies

states must be fiscally integrated

countries must give priority to a single monetary policy

countries must give priority to a national monetary policy

degree of fiscal integrity must be low

prices and especially wages flexibility must be high

prices and especially wages ability

to change must be low

Aims of the Convergence criteria

guarantee of macroeconomic stability

coordination of Member States' economic policy

creating conditions for membership in the European Monetary Union

levelling of the macroeconomic development in the Member States

all answers are correct

all answers are

incorrect

which of the statements is incorrect

Comprehension of the Optimum

currency

area

the main means of payment are different currencies,

the rates of which are fixed to each other and are not convertible

100%

the

main means of payment are different currencies, which may fluctuate against

other world currencies outside the area

the main means of payment is a common currency, which

is freely convertible

the main means of payment is a common currency

the main means of payment are different currencies,

the rates of which are fixed to each other and are freely convertible

the main means of payment is a common currency, which may

fluctuate against other world currencies outside the area

European Monetary Union:

fully meets the conditions of the optimal currency area

is one of the world 's monetary unions

is one of the world 's currency systems

is based on a mutual exchange rate mechanism

is the highest degree of regional economic integration

Which of the statements do not describe Jamaica's

monetary system?

based

on multiple currencies

free choice of any exchange rate

regime

freely

convertible currencies became the main means of payment, as well as

international credit money – SDR

CB-s

are obliged to intervene in exchange markets to keep its currency parity

cancellation

of coin gold parity

acceptance

of the fixed exchange rates

Determination of the exchange rate in the long term. The

exchange

rate theories

include:

the

total balance theory

monetary theory

financial asset demand

theory

purchasing

power parity theory