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
81
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.
Compensatory Finance Facility can be used ______.
选项
A、to provide a member nation with its currency.
B、to help a member nation devalue its currency.
C、to help a member nation examine its difficulties.
D、to help a member nation with foreign exchange when it is in difficulty.
答案
D
解析
转载请注明原文地址:https://kaotiyun.com/show/PVYd777K
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
[A]housework[B]skirt[C]piano[D]radio[E]shop[F]magazine[G]toothbrushYoulistentoitforinformationandentertainment.
TheCapitalAirporthasbeeninusefor20years.TheCapitalAirportwasbuilt______.
A、No,youcanuseyourcreditcard.B、Yes,youcanuseyourcreditcard.C、Yes,youcannotuseyourcreditcard.B
TheCapitalAirporthasbeeninusefor20years.TheCapitalAirportwasbuilt______.
A、No,youcanuseyourcreditcard.B、Yes,youcanuseyourcreditcard.C、Yes,youcannotuseyourcreditcard.B
EveryTuesday,Carinagoestoworkinabank.Sheknowsallhercustomers(顾客)verywell,becausetheyareherclassmates.Infa
Theselecteddatapertaintoacompanyat31December2003asthefollowing:QuickAssets$208,000Quickratio2.6to1Current
Besidesfileloans,banksprovidenon-loanfinancialservicestotheirbusinessclients.Describethefactoringservicesandlea
WemeetsthechallengeofglobalizationTenyearsago,USbankersandbrokerstalkedaboutglobalization.Capitalbarriersw
Inflationpressurewereconcentratedinawidevarietyofmarketsforcollectibles(includingarts,jewelryandsoon)andcontr
随机试题
A.呼吸道传染病B.肠道传染病C.自然疫源性疾病D.性传播疾病E.烈性传染病
下述哪项不是经行发热的病因病机
阑尾发生炎症时阑尾容易坏死的解剖因素是
企业在对会计要素进行计量时,一般应当采用( )。
流通过程的商业交易与物流的分离是由于()造成的。
小英同时掷甲、乙两枚质地均匀的小立方体(立方体的每个面上分别标有数字1,2,3,4,5,6)。记甲立方体朝上一面上的数字为x、乙立方体朝上一面朝上的数字为y,这样就确定点P的一个坐标(x,y),那么点P落在双曲线y=上的概率为()。
高中生钱某于1980年9月2日出生。1998年6月1日钱某在校将同学李某打伤,致其花去医药费2000元。钱某毕业后进入一家炼钢厂工作。1999年2月,李某起诉要求钱某赔偿医药费。该民事责任应由谁承担?()
在窗体上画一个命令按钮(名称为Commandl),并编写如下代码:FunctionFunl(ByValaAsInteger,bAsInteger)AsIntegerDimtAsIntegert=a.b:b=t+
Recentlyscientistshavebeen【1】andperfectingothersourcesofenergy:nuclearoratomicpower,solar(sun)power,andsyntheti
A、Theydon’tenjoyswimming.B、Theywon’tgoswimminginthelaketoday.C、Theydon’tknowhowtoswim.D、They’llswiminthela
最新回复
(
0
)