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87) What is the international monetary system? What are the major trading currencies?
88) Explain the events that led to the failure of the Bretton Woods system of fixed exchange rates.
89) Discuss the significance of the Jamaica Agreement.
90) Compare and contrast a pegged exchange system with a dirty-float system of exchange rates.
91) What is the gold standard? What was the major advantage of the system?
92) With the help of an example, explain how balance-of-trade equilibrium is maintained under the
gold standard.
93) What is the Bretton Woods agreement? How was it different from the gold standard?
94) Identify the multinational institutions that were established at the Bretton Woods agreement.
What were their roles in the international monetary system?
95) Discuss the arguments that favor a floating exchange rate system against a fixed exchange rate
system.
96) Present the common arguments that favor fixed exchange rates.
97) Describe the different exchange rate policies that are in practice today.
98) What is a currency board? Why do countries choose this type of system? What are the
disadvantages of this type of arrangement?
99) Recent policies of the International Monetary Fund have drawn a lot of criticism. Discuss these
criticisms.
100) How can international companies reduce their economic exposure in a world of constantly
fluctuating exchange rates?
101) Do you think businesses can influence government policies? Explain your answer.
