Discussion of the Possibility of Setting Up an International Lender

question 18

Multiple Choice

Discussion of the possibility of setting up an international lender of last resort began following the

• A)collapse of Communism.
• B)stock market crash of 1987.
• C)developing nations' debt crisis of the early 1980s.
• D)oil price increases of the 1970s.

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Definitions:

Cabinet-Level Departments

Major administrative units in the executive branch of the U.S. government, each headed by a Secretary who is a member of the President's Cabinet.

Executive Agencies

Federal agencies headed by appointed officers and responsible for enforcing laws and regulations within specific areas overseen by the executive branch of government.

Independent Agencies

Government bodies that operate independently of executive departments, often with regulatory or oversight functions.

Federal Trade Commission

A United States federal agency established to prevent anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education.