The stocks of gold and foreign currencies held by a country to finance any calls that may be made from its creditors for the debt settlement are known as

Related MCQs

• In economics, Gold Standard is the monetary system where in all form of legal tender may be converted on demand, into fixed quantities of gold. In 1816, the first country to go on the gold standard was:
• The amount of gold reserve, currencies and special drawing rights available for the finance of international trade is called:
• The control by the state through the banking system of dealings in gold and foreign currencies is called
• A part of National Debt known as External Debt is the amount -
• Claims on another country held in the form of the currency of that country are known as:
• The process of converting short term to long term debt by the sale of long term securities and using the funds raised to pay off short-term debt is called:
• The goods and services produced by one country that are sold in exchange for the second country’s own goods and services or for foreign exchange are called
• Investment in the foreign operations of a company through acquisition of a foreign operation, or establishment of a new site is called:
• The charge made for the use of borrowed money levied as a percentage of the amount of debt is refered to as:
• The lowering of the value of a currency in the international market or against specific other currencies, which makes exports cheaper and imports expensive is called: