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
103
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 objectives of the IMF are ______.
选项
A、to encourage monetary cooperation and to promote exchange rate stability.
B、to plan international arrangements on exchange rates.
C、to prevent competitive exchange rate reductions.
D、all of the above.
答案
D
解析
转载请注明原文地址:https://kaotiyun.com/show/RVYd777K
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、easyB、difficultC、interestingA
Theforeignfriends______ussomethingabouttheircountry.
[A]year[B]winter[C]summer[D]passport[E]umbrella[F]medicine[G]newspaperPeoplereaditforinformation.
Ellenlefthomeearlyyesterdaybecauseatnineo’clockshewasgoingtostartworkatacompanyinthecity.Shewasonlyeigh
Creditinstrumentsareissuesbywhichinvestorssupplypermanentfinancingtofirmsorotherborrowersincludinggovernments.
Investmentbanksare______.
Becausetheborrowerdefaultedonhisrepaymentoftheloan,thebankwillholdthe______responsible.
ApplyingforamortgageSusanThomasandherhusbandAlanhavedecidedtobuyahouse.Theyhaveseenonethattheylikeand
Theoriginalissuerofasecurityisreferredtoasaborrower,andthepurchaserisreferredtoasalender.Mostsecuritiestr
Thewhollystate-ownedcommercialbanksinChinatodayusedtobeknownasstateownedspecializedbanks.
随机试题
不属于家族共同体的地缘合作的是()
目前,国际货物运输保险缺乏统一的国际公约,调整国际货物运输保险的法律主要是各国的________。
坚持思想建党与制度治党相结合,二者之间的关系是()
A、精B、广C、快D、真E、新药物信息的特点中必须去伪存真反映的是()。
患者,男性。高处坠落后出现严重呼吸困难、四肢不能活动。查体:颈部压痛,四肢瘫痪,高热,有较重痰鸣音。X线摄片提示:C4~C5骨折,合并脱位。减轻脊髓水肿和继发性损伤应可采取
红星工厂以场地使用权作价作为投资与外商兴办了合资企业。合营期第四年,该厂以作价偏低为由向外商要求提高投资作价,外商拒绝的理由应当是()。
做市商的要价一定()出价
根据个人所得税相关规定,计算合伙企业生产经营所得时准予扣除的是()。
某水果店去苹果产地收购苹果.收购价为每千克1.5元,从产地到水果店距离300千米,运费为每吨每千米3元。其他费用为每吨300元,在运输及批发售出过程中,苹果的损耗是10%,水果店要想达到30%的利润,每千克应定价()元。
设f(x)=|(x一1)(x一2)2(x一3)3|,则导数f’(x)不存在的点的个数是()
最新回复
(
0
)