1-68 What Is Globalization

question 38

Multiple Choice

1-68 What is globalization?

• A)The process that causes an FI to focus more intensely on their own domestic market.
• B)Acceptance of the Federal Reserve as the regulator of the world financial system.
• C)Usually refers to the initiation of GLOBEX,a new international financial communications and trading system.
• D)The evolution of markets and institutions so that geographic boundaries do not restrict financial transactions.
• E)Joint ownership of international electronic payments systems.

Interpret the significance and calculation of price indices and their role in measuring changes in the economy.

Understand the macroeconomic equilibrium and its implications for real GDP and price level.

Evaluate the role of government policies, including fiscal and monetary policies, in affecting aggregate demand and aggregate supply.

Analyze the macroeconomic theory related to the impacts of wealth, interest rates, and government spending on the economy.

---

Definitions:

Period Of Time

A duration in which activities, processes, or conditions exist or take place.

Accounts Receivable

Financial dues owed by patrons to an enterprise for products or services consumed but not yet compensated.

Asset

A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Liability

Obligations or debts that a company owes to others, which must be settled over time through the transfer of assets, provision of services, or other value.