How was the Bretton Woods system beneficial for international firms? Does the IMF benefit international firms? Why or why not?
What will be an ideal response?
The main benefit of the Bretton Woods system for firms was the knowledge that value of currencies would remain stable. The objectives of the IMF are to promote international monetary cooperation, facilitate the expansion and balanced growth of international trade, promote exchange stability and arrangements, assist in the establishment of a multilateral system of payments, provide confidence to members by making the general resources of the IMF temporarily available to them, and shorten the duration and lessen the degree of disequilibrium in the international balances of payments of members.
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To account for a donation to the City where the principal is to remain intact forever and the earnings are to be used to benefit the Boy Scout and Girl Scout organizations in the City, the government should use what fund type?
A. Permanent Fund. B. Special Revenue Fund. C. General Fund. D. Private-Purpose Trust Fund.