The International Monetary Fund (IMF) was created to achieve each of the following goals EXCEPT
A. to supervise exchange-rate practices of member countries.
B. to encourage convertibility of member countries' currencies.
C. to help finance economic development in poor countries.
D. to lend funds to countries having difficulties meeting their international payment obligations.
Answer: C
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Government regulations that increase the cost to the employer of hiring workers will:
A. increase the supply of labor. B. increase the demand for labor. C. decrease the supply of labor. D. decrease the demand for labor.
Incomes of U.S. farmers are adversely affected by:
A. Very good harvests on farms abroad B. Economic expansion abroad C. Less protectionist farm policies abroad D. Higher prices of farm products
Workers at a local construction company are paid $32.50 per hour, and they have incorporated a 4 percent annual raise in their contracts to account for expected inflation
Explain how unexpected inflation of 2 percent will affect the real wages earned by these workers and the unemployment rate of these workers.
An increase in the quantity demanded is shown by
A) a leftward shift of the demand curve. B) a rightward shift of the demand curve. C) a movement down along a demand curve. D) a movement up along a demand curve.