Describe the standby arrangement facility provided by the IMF
What will be an ideal response?
Standby arrangements are designed to help countries address short-term balance-of-payments problems. Standbys have provided the greatest amount of IMF resources. These facilities are in essence bridging loans provided to member states while the IMF deliberates about whether to provide other funds to the particular member state. Typically, they are granted for 12–24 months and repayment is normally expected within two to four years. Surcharges apply to high access levels.
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Prices differences of identical items in different currencies can best be explained by the international Fisher effect
Indicate whether this statement is true or false.
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income$55,000? Accounts payable increased by 21,000? Accounts receivable decreased by 31,000? Inventories decreased by 8000? Cash dividends paid 17,000? Depreciation expense 26,000? Net cash provided by operating activities was:
A. $141,000. B. $30,000. C. $77,000. D. $125,000. E. $76,000.
A type of internal control that separates the physical control of an asset from the person accounting for that asset is called ________.
A. adverse possession B. separation of duties C. asset liability D. separation of liabilities
Role ________ indicates the way others believe you should act in a given context
a. perception b. identity c. expectation d. criterion e. style