The purpose of the IMF is to:
A. provide developing countries with short-term loans and technical assistance.
B. determine monetary and fiscal policy in developing countries.
C. determine exchange rates for developing countries.
D. buy and sell the currencies of developing countries in order to stabilize their value.
Answer: A
You might also like to view...
Which of the following allow banks to minimize the cost to a business of borrowing?
I. Borrowing long and lending short II. Raising funds from a large number of depositors III. Creating money by lending all their reserves A) I only B) II only C) I and III D) II and III
A problem with the CPI is the presence of a substitution bias on the behalf of consumers
Indicate whether the statement is true or false
Which of the following must be true of a commodity for it to be used as money?
a) It must be backed by gold. b) It must be made of paper or metal. c) It cannot have intrinsic value. d) It must be readily accepted by many people.
Suppose that producers of bottled water expect that the price of bottled water is going to drop next week. This would cause
A. an increase in the supply of bottled water today. B. a decrease in the supply of bottled water oday. C. an increase in the demand for bottled water today. D. the selling price of bottled water to rise today.