Major currencies
This currency is often referred as "greenback" as a slang among traders. Guess the currency
USD (US dollar)
A system where currency value is tied to gold.
Gold standard
The largest financial market in the world.
Foreign Exchange Market (Forex)
In 1997, this region faced a financial crisis triggered by speculative attacks
Southeast Asia (Asian Financial Crisis)
The institution responsible for issuing the US Dollar.
Federal Reserve (Fed)
The second most traded currency in the world.
A system where exchange rates are determined by supply and demand
Floating Exchange Rate
In forex trading, exchange rates are quoted in this format, showing the value of one currency relative to another
Currency Pair
In 2001, this South American country defaulted and faced a currency collapse
Argentina
The European Central Bank (ECB) is headquartered in this city.
Frankfurt, Germany
These 3 currencies are considered “safe haven” in the investment community. Name at least 2 of them
USD, The Japanese yen, Swiss franc
A system where a currency is fixed to another but adjusted occasionally
Managed Peg
Using borrowed funds to increase potential returns?
Leverage
The Eurozone crisis was linked to sovereign debt problems starting in this year.
2009
This central bank is known for its policy of “Abenomics,” combining monetary easing, fiscal stimulus, and structural reforms
Bank of Japan
Before the Euro was introduced in 1999, this European currency was considered the anchor of the European Monetary System. What currency is this?
Deutsche Mark
In 2017, Uzbekistan abolished restrictions on this aspect of its currency system.
Currency convertibility
The difference between the bid and ask price.
Spread
In 2015, this country shocked markets by removing its currency peg to the Euro.
Switzerland (Swiss Franc shock)
In 2017, Uzbekistan’s central bank shifted toward this modern monetary policy framework to stabilize inflation
Inflation targeting system
The Chinese Yuan has two different names depending on context: one refers to the unit of account, and the other to the currency used in international trading. Name both.
Renminbi (RMB) and Yuan (CNY)
The Bretton Woods system collapsed when the US ended gold convertibility in this year
1971
A strategy companies use to protect against currency risk
Hedging
A currency crisis often occurs when this key reserve is depleted
Foreign exchange reserves
During the 2008 global financial crisis, central banks worldwide coordinated this type of policy action to restore liquidity.
Coordinated interest rate cuts and quantitative easing