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International Economics ECOA12117 (202500-3020)

International Economics ECOA12117 (202500-3020)

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It is true about our current international monetary system:

Countries choose different exchange rate regimes

✅

All countries have chosen a fixed exchange rate regime

❌

All countries adhere to Bretton Woods

❌

No country has chosen to adopt a fixed exchange rate regime

❌

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In the dollarization regime, the currency used

for the transaction within the country is:

Either the dollar of the euro

Any foreign currency chosen by the country

The dollar

❌

The euro

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The difference between the free-floating regime

and the crawling peg is:

The degree of government intervention to fix the

exchange rate

✅

The free-floating

regime needs the approval of the WTO

❌

In the crawling

peg regime, the IMF decides the level of the exchange rate

❌

In the free-floating

regime, the World Bank decides the exchange rate regime

❌

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The following

variables are the fundamentals of the exchange rate, except for:

foreign price level

❌

expectations

about exchange rate changes

✅

national income

❌

foreign interest rate

❌

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Which

of the following does not correspond to an element of the "impossible

trinity":

Independent

monetary policy

❌

Fixed

exchange rate

❌

Free capital mobility

❌

Strict labor market regulation

✅

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A depreciation of the nominal exchange rate means:

that the domestic currency is worth less.

✅

that the exchange rate is lower.

❌

that the domestic currency is worth more.

❌

that the exchange rate is higher.

❌

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What is a real effective exchange rate?

It is a rate that is set by the IMF for many different nations.

❌

It is the real exchange rate that is most effective.

❌

It is a measure of real exchange rate that considers the overall movement of the bilateral real exchange rates against all trade partners.

✅

It is an exchange rate that is measured by using a number of different

techniques.

❌

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A depreciation of the exchange rate is:

A decrease in the price of foreign currency relative to domestic

currency

❌

An increase in the price of foreign currency relative to domestic

currency

✅

An increase in the price of domestic money

❌

A stabilization of the currency around the expected inflation

❌

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The idea that with frictionless trade all goods traded internationally will have the same equilibrium price no matter which currency they are priced in is known as:

covered interest parity.

❌

the law of one price.

✅

arbitrage.

❌

relativity.

❌

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While the law of one price relates prices on individual goods to the exchange rate, the theory of PPP relates:

goods markets to the market for services.

❌