Reference no: EM132180797
INSTRUCTIONS:
Please answer all questions using Times New Roman, 12 font, 1.5 spacing and justified. The total marks is 50. Please email the assignment.
1. What was the purpose of the Bretton Woods system?Would it be functional in today's economy?
2. What is the role of the International Monetary Fund? Does it still serve a purpose in 2017?
3. Is it better to have a flexible exchange rate system as opposed to a fixed exchange rate system and why? Cite country examples to show whether it has worked.
4. What is the purpose of SWIFT and how does it assist in our everyday lives?
5. Trinidad and Tobago is running a current account deficit. What does this mean and what are the implications of this to the country and its financial market system.
6. If the balance on the capital account equal to zero and the balance on the current account equal to zero, does the country have a zero balance of payments? Explain.
7. State the three types of foreign currency exposures and explain each, giving an example of each.