Which of the following statements is TRUE?
A) All nations that belong to the International Monetary Fund have equal voting power.
B) The voting power of a nation in the International Monetary Fund is determined by its quota subscription.
C) The voting power of a nation in the International Monetary Fund is called special drawing rights.
D) The voting procedure in the International Fund is determined by the World Bank.
B
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A monopolistic competitor behaving in a profit-maximizing way will
A) not advertise. B) advertise as much as it can in order to increase its sales. C) advertise to the point where the additional sales from advertising equal the additional marginal costs of the product. D) advertise to the point where the additional revenue from one more dollar of advertising just equals the extra dollar cost of advertising.
The central authority of the U.S. banking system is the:
A. Federal Open Market Committee (FOMC). B. Board of Governors of the Federal Reserve. C. Federal Monetary Authority. D. Council of Economic Advisers.