Crowdly

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

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

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

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 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

In the case of a floating exchange rate, national

production and national income are more significantly affected by:

Conditions

that can prevent asymmetric shocks

which of the conditions is the most difficult to meet in

today's euro area

price flexibility

wage flexibility

labour mobility

automatic transfer of fiscal resources

functioning of the single market

Which of the economic integration processes in the EU do

you think is the strongest indicator of financial integration?

unification of the national financial systems

creation of the

European Monetary System

functioning of the European Economic and Monetary Union

the use of

common financial funds

free movement of capital

Which of the following factors are not external causes of

financial crises?

rapid

fall in interest rates in world markets

rapid increase in import prices

depreciation of the currencies of major partners

inflow of foreign investment and capital

reduction in the activity of international banks in local markets

increase in export prices