International Affairs: Checkpoint 2

Covers the IMF and World Bank, BRICS and the G20, and global supply chains.

Five questions on the institutions and supply networks that coordinate the global economy.

Question 1 of 5 The IMF's core role is best described as:

Long-term development funding Short-term loans during a balance of payments crisis Setting global tariff rates Issuing a global currency

Question 2 of 5 'Conditionality' on an IMF or World Bank loan means:

The loan never has to be repaid The borrowing country agrees to specific policy changes as a condition of the loan The loan is only available to G20 members Interest rates are fixed for life

Question 3 of 5 The G20 was elevated to a leaders'-level forum mainly in response to:

The Bretton Woods conference The 2008 financial crisis The COVID-19 pandemic The founding of BRICS

Question 4 of 5 'Just-in-time manufacturing' means a company:

Keeps large stockpiles of inventory at all times Keeps minimal inventory, relying on suppliers to deliver just when needed Only manufactures products domestically Produces goods faster than any competitor

Question 5 of 5 'Reshoring' describes:

Moving manufacturing to the cheapest possible country Moving manufacturing back to a company's home country or a nearby one Closing a factory permanently A type of tariff

← Back to Global Supply Chains Next lesson → Economic Sanctions

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