INTB FINAL LATES EXAM 2026 UPDATE
QUESTIONS AND CORRECT VERIFIED
ANSWERS ALREADY GRADED A+
Which of the following occurs when two parties agree to exchange currency and
execute the deal at some specific date in the future? - ANS-Forward exchange
Which of the following is a reason for London's dominance in the foreign exchange
market? - ANS-London's location making it the link between the East Asian and New
York markets
Which of the following is true of inflation? - ANS-It occurs when the quantity of money
in circulation rises faster than the stock of goods and services.
What is meant by translation exposure? - ANS-the impact of currency exchange rate
changes on the reported financial statements of a company
Which of the following refers to the bandwagon effect? - ANS-"Traders move like a
herd, all in the same direction and at the same time, in response to each other's
perceived actions."
Who is often seen as the lender of last resort to nation-states whose economies are in
turmoil and currencies are losing value against those of other nations? - ANS-
International Monetary Fund (IMF)
Which of the following is an argument put forth by critics of the IMF? - ANS-It steals the
sovereignty of nation-states by telling governments what economic policies they
must adopt.
,Which of the following reasons contributed to the Great Depression of the 1930s? -
ANS-Countries progressively raising trade barriers against each other
"Which of the following generally permits individual economic freedom, but restricts
individual political freedom on the grounds that it would lead to the rise of
communism? " - ANS-Right-wing totalitarianism
The philosophy behind intellectual property laws is to: - ANS-"reward the originator of a
new invention, book, musical record, and the like for his or her idea and effort."
"After the collapse of communism in Dehran, successful business owners often had to
pay protection money to the mafia or face violent retribution. In the context of property
rights, the behavior of the mafia is an example of: " - ANS-private action.
Black economy is most likely to be prevalent when: - ANS-people engage in barter
agreements to avoid paying taxes.
Only a totalitarian regime that is committed to which of the following is capable of
promoting economic growth? - ANS-A market system and strong protection of property
rights
"Both China and India have achieved high growth rates despite relatively weak property
rights regimes and high levels of corruption, because of: " - ANS-the shift toward a
market-based economic system.
The United Republic emphasizes individual performance and achievements in every
sphere of society. Which of the following statements is true about the society of this
country? - ANS-The employees in this country will lack loyalty and commitment to a
company.
"Mr. X finds it hard to dine with his American colleagues as his religion prohibits the
consumption of pork and alcohol. He also quit his previous job in a bank because his
religion considers the payment or receipt of interest as exploitative and unjust.
According to this information, Mr. X is a follower of:"
, Protestantism. - ANS-Islam.
Managers at the Blue Dragon Inc., an international company with operations in China
and the United States, are often heard complaining about the difficulties in achieving
synergy and cooperation between the employees of both the countries. On extensive
research it was concluded that the cultural differences between these countries, which
resulted in different work-related values, caused the lack of cooperation. In order to
effectively tackle this problem, Blue Dragon Inc. should:" - ANS-vary its management
processes and practices to account for these differences.
Which of the following is most likely to lead to unethical behavior in a business setting?
- ANS-Expatriate managers working away from their ordinary social context and
supporting culture
"Under John Rawls's concept of veil of ignorance, people are imagined to be ignorant of
their: " - ANS-"particular characteristics such as race, sex, and income."
"Unipeg Corporation has uniform high sales targets for its employees all across the
globe, regardless of the environmental constraints in each market. Employees are
penalized for any shortfall. This has caused many employees to falsify the values of
their sales. In this context, the roots of unethical behavior can be traced to: " - ANS-
unrealistic performance expectations.
"Palladia specializes in the production of beef and produces beef more efficiently than
any other country. It buys wheat, which it produces less efficiently than beef, from
Rhodia, even though it produces wheat more efficiently than Rhodia. Which of the
following theories of international trade supports Palladia's decision to buy wheat from
Rhodia? - ANS-Ricardo's theory of comparative advantage
"When the foreign exchange market determines the relative value of a currency, we say
that the country is adhering to a pegged exchange rate regime. " - ANS-false
The major problem with the gold standard was that no multinational institution could
stop countries from engaging in competitive devaluations.
QUESTIONS AND CORRECT VERIFIED
ANSWERS ALREADY GRADED A+
Which of the following occurs when two parties agree to exchange currency and
execute the deal at some specific date in the future? - ANS-Forward exchange
Which of the following is a reason for London's dominance in the foreign exchange
market? - ANS-London's location making it the link between the East Asian and New
York markets
Which of the following is true of inflation? - ANS-It occurs when the quantity of money
in circulation rises faster than the stock of goods and services.
What is meant by translation exposure? - ANS-the impact of currency exchange rate
changes on the reported financial statements of a company
Which of the following refers to the bandwagon effect? - ANS-"Traders move like a
herd, all in the same direction and at the same time, in response to each other's
perceived actions."
Who is often seen as the lender of last resort to nation-states whose economies are in
turmoil and currencies are losing value against those of other nations? - ANS-
International Monetary Fund (IMF)
Which of the following is an argument put forth by critics of the IMF? - ANS-It steals the
sovereignty of nation-states by telling governments what economic policies they
must adopt.
,Which of the following reasons contributed to the Great Depression of the 1930s? -
ANS-Countries progressively raising trade barriers against each other
"Which of the following generally permits individual economic freedom, but restricts
individual political freedom on the grounds that it would lead to the rise of
communism? " - ANS-Right-wing totalitarianism
The philosophy behind intellectual property laws is to: - ANS-"reward the originator of a
new invention, book, musical record, and the like for his or her idea and effort."
"After the collapse of communism in Dehran, successful business owners often had to
pay protection money to the mafia or face violent retribution. In the context of property
rights, the behavior of the mafia is an example of: " - ANS-private action.
Black economy is most likely to be prevalent when: - ANS-people engage in barter
agreements to avoid paying taxes.
Only a totalitarian regime that is committed to which of the following is capable of
promoting economic growth? - ANS-A market system and strong protection of property
rights
"Both China and India have achieved high growth rates despite relatively weak property
rights regimes and high levels of corruption, because of: " - ANS-the shift toward a
market-based economic system.
The United Republic emphasizes individual performance and achievements in every
sphere of society. Which of the following statements is true about the society of this
country? - ANS-The employees in this country will lack loyalty and commitment to a
company.
"Mr. X finds it hard to dine with his American colleagues as his religion prohibits the
consumption of pork and alcohol. He also quit his previous job in a bank because his
religion considers the payment or receipt of interest as exploitative and unjust.
According to this information, Mr. X is a follower of:"
, Protestantism. - ANS-Islam.
Managers at the Blue Dragon Inc., an international company with operations in China
and the United States, are often heard complaining about the difficulties in achieving
synergy and cooperation between the employees of both the countries. On extensive
research it was concluded that the cultural differences between these countries, which
resulted in different work-related values, caused the lack of cooperation. In order to
effectively tackle this problem, Blue Dragon Inc. should:" - ANS-vary its management
processes and practices to account for these differences.
Which of the following is most likely to lead to unethical behavior in a business setting?
- ANS-Expatriate managers working away from their ordinary social context and
supporting culture
"Under John Rawls's concept of veil of ignorance, people are imagined to be ignorant of
their: " - ANS-"particular characteristics such as race, sex, and income."
"Unipeg Corporation has uniform high sales targets for its employees all across the
globe, regardless of the environmental constraints in each market. Employees are
penalized for any shortfall. This has caused many employees to falsify the values of
their sales. In this context, the roots of unethical behavior can be traced to: " - ANS-
unrealistic performance expectations.
"Palladia specializes in the production of beef and produces beef more efficiently than
any other country. It buys wheat, which it produces less efficiently than beef, from
Rhodia, even though it produces wheat more efficiently than Rhodia. Which of the
following theories of international trade supports Palladia's decision to buy wheat from
Rhodia? - ANS-Ricardo's theory of comparative advantage
"When the foreign exchange market determines the relative value of a currency, we say
that the country is adhering to a pegged exchange rate regime. " - ANS-false
The major problem with the gold standard was that no multinational institution could
stop countries from engaging in competitive devaluations.
