Question

Question 1)

After WW II the allies formed a number of global organizations in an attempt to reduce tension in the world and to spur global growth. These Global Organizations included the following: (select all that apply)

	1.	GATT later called the World Trade Organization (WTO)
	2.	The World Bank
	3.	The International Monetary Fund (IMF)
	4.	the European Central Bank

Question 2)

Our class- doing business in a global environment taught us the value of taking into account cultural differences when moving into new markets and that we should consider the legal systems of those markets, the presence or lack of property rights, the presence of corruption, the economic conditions to be encountered, the currency and trade policies of the country, the presence or absence of trade treaties with adjacent countries, and many other things that are important to doing business in a global environment.

Agree

Disagree

Question 3)

A country's exchange rate policy  i.e., the price at which a currency can be exchanged for another currency can be managed in any of the following ways: (please select all that apply)

	1.	managed float i.e., allowed to float to a certain extent with the central bank intervening to influence should the value of the currency move too far in one direction.
	2.	Fixed, i.e., pegged to another currency
	3.	Allowed to float according to supply and demand
	4.	Erratic, ie., purposely maniputlated by the central bank to confuse local businesses

Question 4)

Dollarization refers to the practice of some countries using the US dollar as their own local currency.

True

False

Answer 1

Question 1)

After WW II the allies formed a number of global organizations in an attempt to reduce tension in the world and to spur global growth. These Global Organizations included the following: (select all that apply)

	1.	GATT later called the World Trade Organization (WTO)
	2.	The World Bank
	3.	The International Monetary Fund (IMF)

Question 3)

A country's exchange rate policy  i.e., the price at which a currency can be exchanged for another currency can be managed in any of the following ways: (please select all that apply)

	1.	managed float i.e., allowed to float to a certain extent with the central bank intervening to influence should the value of the currency move too far in one direction.
	2.	Fixed, i.e., pegged to another currency
	3.	Allowed to float according to supply and demand

Question 4)

Dollarization refers to the practice of some countries using the US dollar as their own local currency.

True