According to the Text,what Is One of the Major Criticisms

question 54

Multiple Choice

According to the text,what is one of the major criticisms of the International Monetary Fund?

• A) The IMF is not respected by the United States.
• B) The IMF does not facilitate development as it was intended to do.
• C) Europe has secured one-third of the votes for IMF directors.
• D) The poorest nations have no direct influence on IMF policies or programs.

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Definitions:

Contingent Liability

A potential financial obligation that depends on a future event occurring or not occurring.

Reasonably Possible

A term used to describe the likelihood of an event occurring that is more than remote but less than probable, often used in financial reporting.

Not Estimable

A term indicating that something cannot have its value, size, or amount accurately determined or calculated.

Contingent Liability

A potential financial obligation that may arise in the future, depending on the occurrence or non-occurrence of one or more uncertain events.