Question 1

Which continent is home to the largest number of Least Developed Countries (LDCs), as identified by the United Nations?

Accepted Answer

Africa

Question 2

What is the name of the agreement signed in 1944 that established the International Monetary Fund (IMF) and the World Bank, shaping the post-war global financial system?

Accepted Answer

Bretton Woods Agreement

Question 3

What financial metric represents the difference between a country's total exports and total imports over a specific period?

Accepted Answer

Balance of Trade (or Trade Balance)

Question 4

Which group of 20 major economies, established in 1999, discusses international financial stability and global economic issues?

Accepted Answer

G20

Question 5

What is the primary commodity responsible for a significant portion of global energy production and trade, often impacting geopolitical stability?

Accepted Answer

Crude Oil

Question 6

What economic policy involves a central bank increasing the money supply and lowering interest rates to stimulate economic growth?

Accepted Answer

Loose Monetary Policy (or Expansionary Monetary Policy)

Question 7

What phenomenon describes the rapid withdrawal of capital or money from a country due to an economic or political crisis?

Accepted Answer

Capital Flight

Question 8

What term refers to the global network of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer?

Accepted Answer

Supply Chain

Question 9

Which international currency, used by 20 member states of the European Union, is the second-largest reserve currency in the world?

Accepted Answer

Euro

Question 10

What is the term for a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters?

Accepted Answer

Recession

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