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    Please fill in the blank: (hint: you don't have to use just one word for each blank)

    3. In order to protect newly-formed industry groups, some nations will charge duties on foreign goods from those sectors in order to allow them to get strong enough to compete internationally. This is called: ______________________________________________ argument.

    5. Speculative pressures on the US dollar occurred in 1971 when President Nixon closed the so-called gold window. There were two basic reasons for this speculation. They were______________________________ and _____________________

    6. The problems resulting from mistrust between importers and exporters can be solved by using a third party, in whom both have ________. This function is usually performed by a __________.

    7. In today's international monetary system, some countries have adopted ___________________ rates, while others have _________________ their currency to another, while others have _________________theirs to a basket of other currencies allowing their currency to _______________ within a zone around the basket.

    10. In order to minimize risk, letters of credit should always be issued and as such they may be done on either a __________ or ____________ basis.

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    3. In order to protect newly-formed industry groups, some nations will charge duties on foreign goods from those sectors in order to allow them to get strong enough to compete internationally. This is called: __ infant industry argument__ argument.

    5. Speculative pressures on the US ...

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