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115.
____________ policies concern the collection and spending of money by the government.
116.
The _____________ states that in an efficient market, like items will have like prices.
117.
_____________ is the simultaneous buying and selling to make a profit with no risk.
118.
That the real interest rate will be the nominal interest rate minus the expected rate of
inflation is known as the ______________.
119.
The _______________ says that the interest rate differentials for any two currencies will
reflect the expected change in their exchange rates.
120.
_____________ is the amount of adjustment that must be made in the exchange rates for
two currencies for them to have equivalent purchasing power.
121.
The _______________ Commission has control over swap and futures contracts.
122.
A currency that is used for international trade is known as a _________ currency.
123.
______________ currency is the name given to a currency used by central banks when they
intervene in the currency markets.
124.
The price of one currency expressed in terms of the other currency is known as the
_____________ quotation.
125.
Often a nation's market intervention involves ___________ its currency in the market to
increase its price.
126.
Foreign exchange quotations tend to be reported in international markets in terms of the
U.S. dollar and _________.
127.
Founded in 1930, the _______________ is the oldest international financial institution in the
world.
128.
In spring 2013, _____________ trading averaged $5.3 trillion per day, with most of the
trades in the dollar.
129.
The evolution of the currency exchange rate system has moved from gold, through fixed to
________.
130.
The general process of managing the risks incurred in wide currency rate shifts in the
floating exchange market is known as _____________.
131.
The _______ recognizes eight types of currency exchange arrangements.
132.
A _________________ is holdings a country can draw on when needed to finance trade or
investments or to intervene in currency markets.
133.
Dollars held in foreign country's reserves are held in the form of _________, so they earn
interest.
134.
The ______________ describes that when a national currency becomes a reserve currency,
over time, people lose confidence in it due to inevitable domestic deficits, and it loses
value.
135.
The IMF created the __________ to replace the dollar as a reserve currency.
136.
The two main reserve currencies are the dollar and the ________.
137.
Bitcoin and the ___________ are similar in that they are both currencies and both virtual.
138.
The ___________ system set up fixed exchange rates among member nations' currencies.
139.
In the Bretton Woods system, par value was based on the U.S. dollar and _______.
140.
In the Bretton Woods system, the only currency redeemable for gold was _____.
141.
In the gold standard, trade imbalances were corrected by a transfer of _______ in the
direction of the surplus.
142.
The heart of supporters' arguments for the gold system is ________.
143.
The Bretton Woods system was a ________-based gold exchange system.
144.
Charles De Gaulle pushed the Bank of ___________ to redeem its dollar holdings for gold,
resulting in the end of the Bretton Woods system.
8-64
145.
In 1971, __________ took the U.S. off of the gold standard.
146.
After Bretton Woods, the major currencies floated in the currency markets, with their value
determined by ______________.
147.
The Jamaica Agreement demonetized _________.
148.
A _________________ arrangement commits the country's government to holding foreign
reserves of a specific currency in an amount equal to its domestic currency supply and
exchange the two at a fixed rate.
149.
In a _________ currency arrangement strategy, a currency is readjusted periodically at a
fixed, preannounced rate or in response to changes in indicators.
150.
_____________ currencies can move against one another quickly and in large swings.
151.
According to the BIS, the ________ is the most popular vehicle currency.
