Global Finance

What was a primary goal of the Bretton Woods system established in 1944?

• To promote free trade by eliminating all trade barriers

• To stabilize global financial markets by fixing exchange rates to the U.S. dollar, pegged to gold

• To establish a worldwide currency that would replace national currencies

• To encourage unrestricted capital flows between countries

What concept introduced by Michel Foucault refers to the complex ways populations are managed and directed?

• • Structuralism

• • Neoliberalism

• • Governmentality

• Poststructuralism

According to Rikard Jalkebro and William Vlcek's chapter (2023), the euro currency's €500 note earned what nickname due to its high value and implications of criminal misuse?

• • Gold Bar

• • Bin Laden

• • Big Euro

• • King Cash

Which organization leads international efforts to combat money laundering and terrorist financing?

• United Nations Security Council

• International Monetary Fund (IMF)

• World Bank

• Financial Action Task Force (FATF)

How does the concept of governmentality relate to global finance?

• Via regulation, surveillance, and promotion of certain economic behaviors
  

• By focusing solely on economic growth

• Through direct state control of markets

• It doesn't relate to global finance

In Vlcek's article (2012), which trend is underscored by the shift away from the Bretton Woods system, as illustrated through the Philippines' interactions with the FATF?

• A shift towards complete financial deregulation and autonomy.

• A move towards increased international financial supervision and 'financial governmentality'.

• A reduction in efforts to isolate criminal and terrorist money within the financial system.

• The discontinuation of surveillance over financial exchanges to promote privacy.

Which aspect of neoliberal policies has been linked to exacerbating global inequality and triggering financial crises?

• Enhanced regulatory oversight of financial markets

• Expansion of social welfare programs

• Deregulation of financial sectors and promotion of free capital movement

• Increased investment in public infrastructure and education

Which of the following is NOT a primary function of money according to economists?

• Medium of exchange

• • Unit of account

• Store of value

• Means of social control