A Major Institution of the International Monetary System Is the IMF

question 113

Multiple Choice

A major institution of the international monetary system is the IMF. What does IMF stand for?

• A)International Money & Finance
• B)International Mechanism for Funding
• C)International Monetary Fund
• D)International Main Fund
• E)None of these

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Definitions:

Output

The final product or service produced from the input resources in a production process.

Function

In mathematics, a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output.

Production Function

An equation or graph that shows the maximum output that can be produced from a given set of inputs or resources, under certain conditions and technologies.

Returns To Scale

The rate at which production output increases as a result of proportional increases in all inputs.