首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
In 1944, officials from forty - five nations assembled for a historic meeting at Bretton Woods in the United States. Even though
In 1944, officials from forty - five nations assembled for a historic meeting at Bretton Woods in the United States. Even though
admin
2011-01-26
58
问题
In 1944, officials from forty - five nations assembled for a historic meeting at Bretton Woods in the United States. Even though World War II was still going on, international monetary authorities and world leaders were planning for the future. They wanted to make provisions for the economic problems they expected to follow by the end of the war. These efforts resulted in the formation of the International Monetary Fund. The IMF attempts to encourage monetary cooperation, to promote excharige rate stability, and to plan international arrangements on ex- change rates. In addition, the Fund attempts to prevent competitive exchange rate reductions among its members. It also tries to eliminate or reduce any foreign exchange controls that slow down world trade. In order to attain these objectives, however, very large financial reserves are needed. The necessary reserves are obtained in the form of deposits, which are required from each member when joining the Fund. The size of the deposit is known as the member’s quota.
The quota is the heart of the International Monetary Fund. The Fund authorities set the size of the quota. It is based on the economic importance of the country as shown by such indicators as populations, international trade, and GNP. Traditionally, the quota has been paid in a combination of gold and the member’s own currency, with 25 percent in gold and the rest in currency. It is important because it determines the maximum amount that the member can draw out in times of difficulty. Sometimes new members have succeeded in reducing the quotas set by the IMF. They have usually regretted this decision when they later needed to withdraw large a- mounts from the Fund.
Perhaps the main function of the IMF has been to help members with balance of payments problems so as to prevent a monetary crisis. For instance, a small country could experience storm, which greatly reduced its main export crop. Because of the considerable shortfall in ex- port, the country would earn much less foreign exchange than usual. As a result, there would be a current account deficit. Tile country could have difficulty in paying for essential imports, for its official reserves might not provide enough foreign exchange. Without help from abroad, the country could solve the payments problem in two ways. It could allow its currency to devalue because of the reduced international demand, or it could prevent the exchange rate from falling by using exchange control. Both of these methods seem too dramatic. However, because the country’s problems are very short - term ones. Under these circumstances, the Compensatory Finance Facility can be used to obtain the necessary foreign exchange.
The member quota is ______.
选项
A、the money a member is required to deposit when joining the Fund.
B、the money a member could withdraw from the Fund each year.
C、the total amount of money the IMF has.
D、the money a member should deposit when withdrawing the Fund.
答案
A
解析
转载请注明原文地址:https://kaotiyun.com/show/DVYd777K
0
初级(银行综合类)
原金融专业英语(FECT)
金融英语(FECT)
相关试题推荐
What’stherelationshipbetweenthemanandthewoman?
Itwastwoweeksbeforechristmas,andMrs.Smithwasverybusy.She41alotofchristmascardstosendtoherfriendsandher
OpenTime:9:00to17:00TuesdaysthroughSundays(salesstopat16:00)TicketPrices:FullPrice:RMB30;HalfPrice:RMB15
[A]housework[B]skirt[C]piano[D]radio[E]shop[F]magazine[G]toothbrushYoulistentoitforinformationandentertainment.
EveryTuesday,Carinagoestoworkinabank.Sheknowsallhercustomers(顾客)verywell,becausetheyareherclassmates.Infact
EveryTuesday,Carinagoestoworkinabank.Sheknowsallhercustomers(顾客)verywell,becausetheyareherclassmates.Infac
Anirrevocablecreditmaybecancelledatanytimeuptothemomenttheadvisingbankpays.
Creditinstrumentsareissuesbywhichinvestorssupplypermanentfinancingtofirmsorotherborrowersincludinggovernments.
Therewillbenochangeintheinterestrateduringthe______ofthemortgage.
Inflationpressurewereconcentratedinawidevarietyofmarketsforcollectibles(includingarts,jewelryandsoon)andcontr
随机试题
临床上所指的黄疸是指血清总胆红素超过
对CT机的X线管阳极热容量的描述,错误的是
某女,50岁,体胖,患高血压病,证属脾虚湿盛、痰浊内阻,证见眩晕,头痛,如蒙如裹,胸脘闷闷。医师处以半夏天麻丸,此因该成药的()。
下列各项中,属于总分类会计科目的是()。
根据《公司法》的规定,股份有限公司的下列文件中,股东有权要求查阅的有()。
业主委员会委员除了要符合当选委员的条件外,如果有()的,经业主大会会议通过,其业主委员会委员的资格应当终止。
下列属于旅游合同标的的是()。
所谓社会投资,是指通过公共投入的方式去增大()和发展各项社会事业。
曲线y=(x≤1)的长度是
求极限.
最新回复
(
0
)