Chapter 13(24) Monetary Policy—Around the World

Read the following articles and pages in order to answer the below questions.

"The World Factbook: Panama", CIA
"Panama Economic Outlook", Focus Economics
"Lessons from the Monetary Experience of Panama: A Dollar Economy with Financial Integration", Cato Journal

Question

1. According to the CIA, what two countries are the top users of the Panama Canal?

A.
B.
C.
D.

Question

2. According to the CIA, the top industries in Panama are:

A.
B.
C.
D.

Question

3. Which commodity does Panama export?

A.
B.
C.
D.

Question

4. According to Focus Economics, what is the official currency of Panama?

A.
B.
C.
D.

Question

5. According to the journal article on the Cato Journal, what year did a new banking law allow the monetary system in Panama to become integrated with world financial markets?

A.
B.
C.
D.

Question

6. Panama’s monetary system has which characteristic(s)?

A.
B.
C.
D.