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
68
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.
A member of the IMF could withdraw large amounts of money if ______.
选项
A、it has reduced its quota.
B、it has deposited a large quota.
C、it has increased its quota.
D、it has paid tile quota in gold.
答案
B
解析
转载请注明原文地址:https://kaotiyun.com/show/JVYd777K
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、Bycar.B、Forsomeinformationabouttravel.C、InNewYork.B
A、Thesupermarketistoocrowded.B、Therearemanysupermarketshere.C、Look,justoverthere.C
1.ThefollowinginformationwasextractedfromtheledgersofBillyCompanyforitsproductsfortheyearended31December200
Whichoneisnotincludedinthefinancialstatementfootnote?
Indexdepositcombinesthebenefitofatimedepositandaninvestment.
Whatisacheque?
Writeshortnoteson:(a)Whatmusttheplaintiffproveinordertosucceedinmiactionofnegligence?(b)Explainthedefences
accept,discount,against,dishonoured,attached,hypothecation,credit,draw,ownership,amountWhenaLetterofCredith
Thesearefourmainmethodsofsecuringpaymentininternationaltrade:(1)paymentunderdocumentarycredit(2)openaccount(3
随机试题
感染性疾病包括_________和_________。
患者无痛性血尿,超声示膀胱三角区乳头状隆起性病灶3cm×2cm,基底部较宽,不随体位移动,首选诊断是
男性,30岁,高处坠落造成腰椎骨折致截瘫1年。因长期卧床而发生骶尾部及大腿压疮。查体:精神较差,消瘦,贫血貌。骶尾部溃疡创面呈椭圆形,面积9cm×6cm大小,溃烂状,基底为肉芽组织创面,渗出物较多;骶骨部分骨质外露,创周皮肤发暗变硬;左大腿股骨大转子处有一
患者,女,36岁。肾绞痛突然发作,尿液检查可见镜下血尿。应首先考虑的诊断是
商业银行的中间业务包括()。
设A为三阶矩阵,方程组AX=0的基础解系为α1,α2,又λ=一2为A的一个特征值,其对应的特征向量为α3,下列向量中是A的特征向量的是().
在基于体系结构的软件设计方法中,采用①来描述软件架构,采用②来描述功能需求,采用③来描述质量需求。②处应填入?
Electricityplaysanessentialpartinourlife.Noonecandenythatelectriclightisnecessaryforpeople’slife.However,ca
CarmenAraceMiddleSchoolissituatedinthepastoraltownofBloomfield,Conn.,butfouryearsagoitfacedmanyofthesame
Theconceptofpersonalchoiceinrelationtohealthbehaviorsisanimportantone.Anestimated90percentofallillnessmayb
最新回复
(
0
)