Which of the following statements concerning the International Monetary Fund is true?

a. The IMF was created to help finance economic development in poor countries.
b. One of the principal aims of the IMF is to discourage international trade and encourage countries to become self-sufficient.
c. The IMF lends money to countries experiencing large balance-of-payments surpluses.
d. When the IMF lends currencies, it always insists on the borrowing country taking action to reduce its balance-of-payments surplus.
e. The IMF obtains funds from annual membership fees charged to member countries.

e

Economics

You might also like to view...

For which of the following variables should a "two tail" t-test be applied?

A) PA B) I C) PB D) Should be applied for all.

Economics

Assume that each day a firm uses 13 employee-hours and an office to produce 100 units of output. The price of each unit output is $5, the hourly wage rate is $10, and rent on the office is $200 per day. Each day the firm earns a ________ of ________.

A. loss; $200 B. profit; $370 C. profit; $170 D. loss; $170

Economics