D311 Exam with Latest Update Questions and
100% Correct Answers
The component of NAFTA that ensures goods and services originate in North America to get
access to lower tariffs is known as which of the following? - ✔✔Rules of origin
Which group was established following World War II to promote international peace and
security and now also deals with economic development, antiterrorism, and humanitarian
movements? - ✔✔United Nations
Saudi Arabia has historically performed the role of the dominant supplier in influencing oil
supply and pricing. This demonstrates which of the following? - ✔✔OPEC price controls and
politics
Money denominated in the currency of another nation or group of nations is known as which of
the following? - ✔✔Foreign exchange
Companies most often use two or more currencies in which type of transactions? -
✔✔Foreign transactions
All of the following except ________ are considered global over-the-counter market (OTC)
foreign exchange instruments. - ✔✔Credit swap
Which currency is used in four of the top seven most frequently traded currency pairs? -
✔✔The U.S. dollar
The difference between the bid and offer rates in the spot market is known as the ________
and represents the dealer's profit. - ✔✔Spread
, The number of dollars per unit of foreign currency is known as which of the following? -
✔✔Direct quote
Which of the following platforms is most often used to trade euro/dollar futures and options? -
✔✔Liffe Connect
All of the following EXCEPT ________ are considered major exchanges that deal in foreign
currency. - ✔✔NAFTA
Why do companies enter the foreign-exchange market? - ✔✔To facilitate regular business
transactions
Which of the following requires payment to be made when it is presented? - ✔✔Sight draft
Which of the following was created at a meeting between the major allied governments toward
the close of World War II in an effort to bring economic stability and growth to the postwar
world? - ✔✔International Monetary Fund
Which of the following established a par value for each currency initially quoted in terms of
gold and the United States dollar? - ✔✔Bretton Woods Agreement
A country takes all of its currency out of circulation and replaces it with dollars. This illustrates
which of the following examples of a hard peg? - ✔✔Dollarization of currency
Which of the following is the best definition for dollarization of the currency? - ✔✔Using the
dollar as an exchange arrangement with no separate legal tender
Which of the following was set up as a means of creating exchange-rate stability within the
European Community? - ✔✔European Monetary System
100% Correct Answers
The component of NAFTA that ensures goods and services originate in North America to get
access to lower tariffs is known as which of the following? - ✔✔Rules of origin
Which group was established following World War II to promote international peace and
security and now also deals with economic development, antiterrorism, and humanitarian
movements? - ✔✔United Nations
Saudi Arabia has historically performed the role of the dominant supplier in influencing oil
supply and pricing. This demonstrates which of the following? - ✔✔OPEC price controls and
politics
Money denominated in the currency of another nation or group of nations is known as which of
the following? - ✔✔Foreign exchange
Companies most often use two or more currencies in which type of transactions? -
✔✔Foreign transactions
All of the following except ________ are considered global over-the-counter market (OTC)
foreign exchange instruments. - ✔✔Credit swap
Which currency is used in four of the top seven most frequently traded currency pairs? -
✔✔The U.S. dollar
The difference between the bid and offer rates in the spot market is known as the ________
and represents the dealer's profit. - ✔✔Spread
, The number of dollars per unit of foreign currency is known as which of the following? -
✔✔Direct quote
Which of the following platforms is most often used to trade euro/dollar futures and options? -
✔✔Liffe Connect
All of the following EXCEPT ________ are considered major exchanges that deal in foreign
currency. - ✔✔NAFTA
Why do companies enter the foreign-exchange market? - ✔✔To facilitate regular business
transactions
Which of the following requires payment to be made when it is presented? - ✔✔Sight draft
Which of the following was created at a meeting between the major allied governments toward
the close of World War II in an effort to bring economic stability and growth to the postwar
world? - ✔✔International Monetary Fund
Which of the following established a par value for each currency initially quoted in terms of
gold and the United States dollar? - ✔✔Bretton Woods Agreement
A country takes all of its currency out of circulation and replaces it with dollars. This illustrates
which of the following examples of a hard peg? - ✔✔Dollarization of currency
Which of the following is the best definition for dollarization of the currency? - ✔✔Using the
dollar as an exchange arrangement with no separate legal tender
Which of the following was set up as a means of creating exchange-rate stability within the
European Community? - ✔✔European Monetary System
