International Money and Business Questions and Answers 2023
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Gold Standard - -A monetary system in which paper money and coins are equal to the value of a certain amount of gold -dirty float - -A system under which a country's currency is nominally allowed t... o float freely against other currencies, but in which the government will intervene, buying and selling currency, if it believes that the currency has deviated too far from its fair value. -Fixed Float - - -Clean Float - -Currency monetary system with minimal government intervention; largely market determined -International Monetary Fund (IMF) - -an international organization that acts as a lender of last resort, providing loans to troubled nations, and also works to promote trade through financial cooperation -exchange rate - -The measure of how much one currency is worth in relation to another. -GATT (General Agreement on Tariffs and Trade) - -international agreement first signed in 1947 aimed at lowering trade barriers [Show More]
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