To be a member of the Internal Monetary Fund a nation must deposit funds based on
A) the need to loan money to developing nations. B) its national income.
C) the amount of funds it wants to deposit. D) rules set up by the World Bank.
B
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Intermediate goods are not counted as part of gross domestic product
Indicate whether the statement is true or false
The value of a financial instrument rises as:
A. the payments are made when the prospective investor needs them least. B. the size of the payment promised decreases. C. the promised payment is made sooner rather than later. D. it is less likely the payment will be made.
If the price of a good increases by 10% and the quantity demanded decreases by 10%, then at that price, the good is
A. elastic. B. unit elastic. C. inelastic. D. perfectly inelastic.
Payments for capital include interest and credit.
Answer the following statement true (T) or false (F)