BUSI 303 QUIZ 3 (Version 2), Verified and Correct answers, Liberty University

BUSI 303 Quiz 3


 Question 1
2 out of 2 points
In 1989, Mexican President Carlos Salinas invited United States
President Bill Clinton to organize a trade agreement, CUSFTA, that
would increase investment and decrease tariffs between the U.S.,
Mexico, and Canada.

Selected Answer: False




 Question 2
2 out of 2 points
Is responsible for monetary policy for the Euro, the official currency of
the Eurozone, and sets interest rates across the participating members.

Selected Answer: European Central Bank




 Question 3
2 out of 2 points
Is comprised of the following nations: Afghanistan, Bangladesh,
Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.

Selected Answer: SAARC


 Question 4
2 out of 2 points

, Was established in 1960 as an economic counterpart to the North
Atlantic Treaty Organization (NATO). The objective of the
organization is increasing economic welfare through the world by
covering issues associated with social work and economic efforts
within participating governments and nonparticipating governments.

Selected Answer: OECD


 Question 5
2 out of 2 points
Which of the following countries is NOT a founding member of
APEC?

Selected Answer: China


 Question 6
2 out of 2 points
Established with the Treaty of Chaguaramas in 1973 with the following
affiliated institutions: Court of Justice, Development Bank, University
of Guyana and West Indies.

Selected Answer: CARICOM
 Question 7
2 out of 2 points
Primary guardians of national currencies and usually responsible for
setting monetary policy and exchange rate policy.

Selected Answer: Central Banks and Governments
 Question 8
2 out of 2 points
Generally the market makers on the foreign exchange