Which of the Following Institutions Plays the Role of an International

question 37

Multiple Choice

Which of the following institutions plays the role of an international lender of last resort?

• A) the World Bank
• B) the International Monetary Fund
• C) the European Monetary System
• D) the U.S. Federal Reserve System
• E) the World Trade Organization

---

Definitions:

Public Good

Services or products offered freely to the whole of a community, delivered by the government or by non-profit organizations and individuals, without seeking profit.

Majority Vote

A decision rule where more than half of the participants need to agree on a proposal for it to be approved.

Paired-Choice Vote

A voting method in which participants are presented with pairs of options and choose their preference within each pair, often used to rank preferences or make decisions.

Ranked Preferences

Ordering alternatives based on their desirability from most to least preferred.