International Finance and Treasury MCQ Questions and Solutions with Explanations | Management

Answer: Option C

The world’s four major trading currencies are all free to float against each other. They include all the following except The Spanish Peso.

Answer: Option B

International bank for Reconstruction and Development is not a profit maximizing business. The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans to middle-income developing countries. The IBRD is the first of five member institutions that compose the World Bank Group, and is headquartered in Washington, D.C. in the United States.

Answer: Option D

Gifts and Relief are Transfer payment. A transfer payment is money paid to an individual who has not performed any service or rendered any goods for it. Transfer payments are ways for local, state, and federal governments to redistribute money to those in need. Transfer payments are considered income and are potentially taxable.