Term
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Definition
| Price of one currency in terms of a second currency. |
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Term
| Fixed Exchange Rate System |
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Definition
| Price of one currency vis-a-vis another is fixed and does not change. |
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Term
| When Did the US Adopt the Bretton Wood System? |
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Definition
| After the Great Depression, when the Gold Standard was no longer in effect. |
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Term
| What systems still exist in regulating the US Economy today that come from the Bretton Wood System? |
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Definition
| Modified managed float of foreign exchange, the International Monetary Fund (IMF), and the World Bank. |
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Term
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Definition
| The more dollars foreign countries held, the less faith they had in the ability of the US government to convert those dollars. |
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Term
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Definition
| Currencies float against one another with governments intervening only to stabilize their currencies at set target exchange rates. |
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Term
| Many of the projects that the World Bank Group funds in specific countries are managed by the local governments, but the actual work is typically done by who? |
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Definition
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Term
| Why do Global firms monitor the policies and discussions of the G20 and other economic organizations? |
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Definition
| To identify new opportunities and use their leverage to protect their markets and businesses. |
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Term
| What is the focus of the World Bank? |
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Definition
| Economic Development of Countries |
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Term
| What is the focus of the IMF? |
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Definition
| Seeks to maintain an orderly systems of payments between nations. |
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Term
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Definition
| They replaced the US $ as the global monetary reserve currency and consists of the value of 5 of the IMF's biggest member currencies. |
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Term
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Definition
| Making something too easy for someone, can lead to said someone not being responsible. |
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