Week 9 MCQ Flashcards
The “Economist” Approach to European monetary union believes that.
Their should be strict requirements of economic convergence before monetary integration.
Potosi is situated in which country?
Bolivia
By the end of the 18th century the Bank of England had become the
Bank that issued currency, managed the public debt.
The 1967 Bank Act in Canada…
Lifted the six per cent annual interest-rate ceiling banks could charge on personal loans and allowed banks to enter the mortgage field.
The article by Adam Tooze on the dollar suggests that countries should…
Always borrow funds in their local currency.
The Canadian dollar is an example of…
Fiat money
The Big Mac Index illustrates…
Purchasing-Power Parity
When it was created in 1694 the purpose of the Bank of England was to…
Raise money for the Navy
Globally, the most popular form of exchange rate is…
Managed Floating
The Treaty which created the clear rules for the creation of a common European currency was…
The Maastricht Treaty
