Q.1
A three-country trade agreement negotiated by the governments of Canada, Mexico, and the United States that took effect in 1989.
  • The UN
  • NAFTA
  • NATO
  • IMF
Q.2
Ask Rate is a rate at which Bank ________
  • Buys
  • Sells
  • Negotiate
  • Trade
Q.3
What are some negatives of globalization?
  • Workers are exploited in sweatshops
  • Pollution and deforestation
  • Low wages for factory workers in Asia and Africa
  • All of the answers are correct
Q.4
Fixed Exchange Rate is permanently fixed.
  • True
  • False
Q.5
Spot Rate is _______
  • T+0
  • T+1
  • T+2
  • T+3 Onward
Q.6
Balance of Payment is a __________
  • Statement
  • Account
  • Summary
  • Both Statement And Account
Q.7
The main justification for an embargo on foreign goods is to
  • Punish a nation
  • raise revenue
  • Increase consumption or the good
Q.8
Which of the following is not a benefit of trade between nations?
  • More stuff
  • Better stuff
  • cheaper stuff
  • similar stuff
Q.9
Not trading with nations who create products using child labor is used in the argument for
  • Domestic Jobs
  • National Defense
  • Human Rights
  • Environment
Q.10
Tariffs and Quotas can benefit nations imposing them by...
  • Raising revenue
  • increasing variety of goods
  • lowering prices
  • increasing consumption
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