When a nation joins the IMF, it deposits funds into an account. These funds have a value based on a weighted average of
A) the Russian ruble, the British pound sterling, the Japanese yen, and the U.S. dollar.
B) the euro, the British pound sterling, the Japanese yen, and the U.S. dollar.
C) the Russian ruble, the British pound sterling, the Chinese yuan, and the U.S. dollar.
D) the euro, the British pound sterling, the Chinese yuan, and the U.S. dollar.
B
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If a central bank is said to be leaning against the wind, they have signaled that they will
A) intervene to reverse the current trend of their currency. B) intervene to accelerate the current trend of their currency. C) not intervene in the currency markets at all. D) work together with their opposition even if it is politically difficult.
Unlike World War I (1914–18), the war debt of World War II (1941–45) was manageable and did not contribute to inflation
Indicate whether the statement is true or false