Discuss the history and purpose of the International Monetary Fund (IMF)
Created at Bretton Woods, New Hampshire, the International Monetary Fund (IMF) was established following World War II with the goal of expanding international trade through a bank with a lending system designed to bring stability to national currencies. The IMF created the International Bank for Reconstruction and Development (commonly called the World Bank), which allows signing nations to have Special Drawing Rights (SDRs), or the ability to draw on a line of credit to maintain the stability of their currency. The purpose of the IMF was to enhance and encourage international trade through assurances about monetary stability in various countries.
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Consider Figure 5.1. Suppose the rest of the world voluntarily agrees to reduce steel shipments to Mexico vis-a-vis an export quota equal to 2 tons. Assuming Mexican importers behave as competitive buyers while foreign exporters behave as monopoly sellers, the overall welfare loss of the quota to Mexico is
a. $200. b. $400. c. $600. d. $800.
Network protocols fulfill all of the following objectives except
a. facilitate physical connection between network devices b. provide a basis for error checking and measuring network performance c. promote compatibility among network devices d. result in inflexible standards
Stuart Company's manager believes that economic conditions during the next year will be strong, normal, or weak, and she thinks that the firm's returns will have the probability distribution shown below. What's the standard deviation of the estimated returns? (Hint: Use the formula for the standard deviation of a population, not a sample.) Economic ConditionsProb. Return Strong30% 32.0% Normal40% 10.0% Weak30% ?16.0%
A. 17.69% B. 18.62% C. 19.55% D. 20.52% E. 21.55%
How effective is the Pay Reform Act?
What will be an ideal response?