Question
The Swiss franc and Canadian dollar are among the eight currencies with this status recognized by the IMF. For 10 points each:
[10m] Name this status of currencies held by foreign central banks to conduct international trade and investments and to remain liquid in times of financial crisis.
ANSWER: reserve currency [prompt on hard currency, strong currency, or safe-haven currency]
[10h] By the Triffin dilemma, any country whose currency is a global reserve currency will incur a negative value of this quantity, since its currency will become more expensive. Along with net international investment position, this quantity makes up a country’s current account.
ANSWER: balance of trade [or trade balance; prompt on trade surplus or trade deficit]
[10e] This economist proposed a global reserve currency called the “Bancor” at Bretton Woods. This British economist wrote A General Theory of Employment, Interest, and Money.
ANSWER: John Maynard Keynes (“canes”)
<VD, Social Science>
Summary
| 2024 ARCADIA at BU | 2024-12-06 | Y | 8 | 13.75 | 88% | 50% | 0% |
| 2024 ARCADIA at Duke | 2024-12-06 | Y | 3 | 16.67 | 100% | 67% | 0% |
| 2024 ARCADIA at Missouri S&T | 2024-12-06 | Y | 1 | 10.00 | 100% | 0% | 0% |
| 2024 ARCADIA Online | 2025-05-17 | Y | 5 | 12.00 | 100% | 20% | 0% |
| 2024 ARCADIA at Penn State | 2024-12-06 | Y | 2 | 20.00 | 100% | 100% | 0% |
| 2024 ARCADIA at Florida Tech | 2024-12-06 | Y | 4 | 12.50 | 75% | 50% | 0% |
| 2024 ARCADIA at UC Berkeley | 2024-12-06 | Y | 2 | 20.00 | 100% | 100% | 0% |
| 2024 ARCADIA at Waterloo | 2024-11-09 | Y | 6 | 21.67 | 100% | 83% | 33% |
| 2024 ARCADIA at GT | 2024-12-06 | Y | 4 | 10.00 | 75% | 25% | 0% |
| 2024 ARCADIA at Illinois | 2024-11-09 | Y | 4 | 20.00 | 100% | 75% | 25% |
| 2024 ARCADIA at Warwick | 2024-12-06 | Y | 5 | 20.00 | 100% | 60% | 40% |
| 2024 ARCADIA at Claremont | 2024-11-02 | Y | 3 | 20.00 | 100% | 67% | 33% |