International Data Suggests That

question 41

Multiple Choice

International data suggests that

• A)convergence is not taking place.
• B)convergence is taking place among poor countries but not among rich countries.
• C)convergence is taking place among all countries.
• D)convergence is taking place among rich countries but not among poor countries.

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Definitions:

Net Inflow

The difference between the amount of money or resources entering and leaving a system or economy over a specific period.

Bretton Woods System

A monetary management system that established the rules for commercial and financial relations among the world's major industrial states in the mid-20th century.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold.

Managed Float

A currency exchange rate policy where a currency's value is allowed to fluctuate in response to foreign exchange market mechanisms, but the central bank may intervene to stabilize the currency if necessary.