What is the International Monetary Fund? What is the World Bank? What is their relationship, if any, with each other?
What will be an ideal response?
Ans: IMF was created to maintain order in the international monetary system. The World Bank was set up to promote economic development. Both organizations were created in 1944 to create stability among member nations. IMF is used as a lender to countries whose economies are in turmoil and whose currencies are losing value. World Bank also helps poorer countries promote economic growth. The two organizations are considered sister institutions. They are both organizations that help the global economy.
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Compare and contrast a raw material exporting economy to a subsistence economy
What will be an ideal response?
Examples of political and regulatory risk include
A) changes in the tax deductibility of interest on municipal bonds. B) changes in the capital gains tax rate. C) changes in the exchange rates. D) All of the above are correct. E) Only A and B are correct.