International Business - International Business Section 2

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46. When the nation lets the exchange market take care of the exchange rate by letting the value of its currency drop until the exchange market equilibrium is restored, it is said to adopt.

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Option : C
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47. The arrangement negotiated by the International Monetary Fund at the beginning of 1997 under which 25 participant countries and institutions agreed to land up to SDR 34 billion (about $47 billion) to supplement the previous agreement is known as

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Option : C
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48. The benefit accruing to a nation from issuing the currency or when its currency is used as an international currency or reserve is called

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Option : B
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49. A reserve currency country is one

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Option : D
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50. The gold standard exchange rate system prevailed

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Option : C
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International Business Section 2

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