To Maintain Fixed Exchange Rates When Countries Had Balance of Payments

question 7

Multiple Choice

To maintain fixed exchange rates when countries had balance of payments deficits and were losing international reserves,the ________ would loan ________ countries international reserves contributed by other members.

• A) IMF; deficit
• B) IMF; surplus
• C) World Bank; deficit
• D) World Bank; surplus

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Definitions:

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Genuine Leroy Neiman

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