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
61
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
Whatdoweknowaboutthemeeting?
A、learnaboutwhatevertheywantB、learnaboutthemostimportantnewsC、getsomeinformation(信息)C关联句是第一段的第二句话和第三句话:Manypeopl
December41isChristmasDay.Christmasisanirnportant(重要的)holiday42theUnited43.44thisday,mostfamiliesgettogether
Mr.Reeceis(Example:0)interestingoldman.Mr.Reeceworked【C1】______afarm.Heandhiswife【C2】______alotofthingsandthey
TheCapitalAirportisthelargestoneinChina.TheCapitalAirportis______anyotherairportinChina.
Itisveryimportantforacompany______agoodofficesecretary.
Beforeissuingacredit,whatmustthebankmakecertain?
WhatisthenameoftheofficerinchargeofopeningLetterofCreditforcustomers?
WemeetsthechallengeofglobalizationTenyearsago,USbankersandbrokerstalkedaboutglobalization.Capitalbarriersw
accept,discount,against,dishonoured,attached,hypothecation,credit,draw,ownership,amountWhenaLetterofCredith
随机试题
PASSAGEONE(1)Cheatinginsportisasoldassportitself.TheathletesofancientGreeceusedpotionstofortifythemsel
关节发育不全是婴儿运动系统的特点之一。()
给出的DNA序列为某基因有义链中一段突变“热点”,也是编码21~25氨基酸:5’一CCC一CCT一AGG一TTC一AGG一3’下列哪个序列为移码突变并致蛋白质合成终止(TAG一终止密码子)
一食物中毒病人,表现为恶心、呕吐、视物模糊,继而呼吸困难、发绀、昏迷,检查有视神经和视网膜受损。此病人的诊断很可能是
董事会和高级管理层切实承担起政策制定、政策实施以及监督合规操作的职能,是商业银行实施有效风险管理的基础。()
中国公民和外国公民,凡遵守宪法和法律,热爱教育事业,具有良好的思想品德,具备《中华人民共和国教师法》规定的学历或者经国家教师资格考试合格,有教育教学能力,经认定合格的,可以取得教师资格。()
关于人类探月,下列说法不正确的是()。
领导签发公文时,若采用圈阅方式,视为同意。()
7,15,29,59,117,()。
崔某身穿警服,冒充交通民警,乘坐何某的出租车。车行至市郊时,崔某持假枪抢走何某人民币1500元,将何某一脚踹出车外,使何某身受重伤,崔某趁机将车开走。本案中属于抢劫罪法定加重情节的有哪些?()
最新回复
(
0
)