U.S. Designates Switzerland, Vietnam as Currency Manipulators

The video discusses the issue of currency manipulation, focusing on the US Treasury Department's actions against China, Vietnam, and Switzerland. It explains the criteria used to identify currency manipulators and highlights the significant trade relations between the US and Switzerland. The video concludes with the legal requirements for the Treasury Secretary to engage in negotiations with countries identified as currency manipulators.

What was the reason for the US Treasury Department removing China's currency manipulator label?

• Improvement in US-China relations

• Pressure from international organizations

• Completion of a trade deal

• A change in China's economic policies

Why has Switzerland been manipulating its currency according to the video?

• To increase its exports

• To compete with Vietnam

• To stabilize its economy

• Due to high demand for its currency

Which of the following is NOT a criterion used by the US Treasury to identify currency manipulators?

• Inflation rate below 2%

• Foreign exchange purchases of at least 2% of GDP

• Current account surplus of at least 2% of GDP

• Bilateral trade surplus with the US

What was the percentage increase in Swiss exports to the US this year?

• 100%

• 78%

• 50%

• 65%

What humorous reference is made to emphasize the limited actions the US can take against Switzerland?

• A parody of a famous movie

• A reference to Swiss chocolate

• A Monty Python skit

• A joke about Swiss watches