Which of the following countries has a central bank that is privately owned?

Which of the following countries has a central bank that is privately owned?

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June 3, 2022
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55. Which of the following countries has a central bank that is privately owned?
(A) The United States.
(B) Canada.
(C) Switzerland.
(D) The United Kingdom.
56. What was the last country to leave the gold standard?
(A) The United States.
(B) Canada.
(C) Switzerland.
(D) The United Kingdom.
57. Over the last decade, the central banks of Russia and China have been increasing
their gold reserves and conducting more bilateral trade treaties. Why?
(A) They are losing their faith in the USD as a reserve currency.
(B) Bilateral trade agreements have fewer information asymmetries, and gold can be
used to settle payments.
(C) The price of gold has decreased, allowing them to buy more for an asset-backed
currency.
(D) None of the above.
58. Central banks around the world are developing their own crypto-currencies (MintCoin in Canada, Fedcoin in the USA, etc.). What likely effect would this have on
Bitcoin?
(A) The supply of Bitcoin would increase.
(B) The supply of Bitcoin would decrease.
(C) Demand for Bitcoin woudl increase.
(D) Demand for Bitcoin would decrease.
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59. Suppose that a radical socialist government takes power in Canada. The new
government bans the Bank of Canada, forbids the use of currency, and controls the
production and distribution of all resources. From a monetary perspective, why would
this reduce economic growth?
(A) There is no positive incentive for businesses to be productive.
(B) The confiscation of private property would cause capital flight.
(C) A standardized currency increases liquidity and reduces transaction costs.
(D) It would be impossible to conduct international trade.
60. You make millions of dollars from your successful business endeavours, and now
want to invest your money. You ask your banker about gold and ETFs. She immediately
dismisses your ideas, claiming that her bank’s mutual funds are your best bet, and that
gold and ETFs are volatile. What should your response be?
(A) “You’re right, I’ll invest my money in your mutual fund. Thanks, fam.”
(B) “I am going to put some of my money in your mutual fund, but I’ll hedge my bets
with gold and ETFs.”
(C) Leave the bank immediately. ETFs and gold typically out-perform mutual funds,
and don’t have exorbitant management fees.
(D) Run around the bank with your cash, making it rain dollar bills on unsuspecting
customers while shouting “BRING DA MONEY!!!”
61. According to value investing, how does one make money investing in the stock
market?
(A) By finding stocks with significant growth potential.
(B) By finding stocks with a current ratio less than 1.
(C) By finding stocks with a price below their intrinsic value.
(D) By investing in stocks at random, using Brownian motion theory.
62. Which Lydian king forged separate gold and silver coins?
(A) Croessus.
(B) Alexander the Great.
(C) Philip IV.
(D) Kanye the GOAT.
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63. Which came first: banking or coinage?
(A) Banking.
(B) Coinage.
(C) They were developed at the same time.
(D) Bless up, fam. No hate, kings.

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