The IMF Changed Focus After the Collapse of the Bretton

question 30

Multiple Choice

The IMF changed focus after the collapse of the Bretton Woods System and assisted with

• A)the reestablishment of a new gold standard system that eventually became another gold exchange system.
• B)lending money to developed nations to build infrastructure such as highways and bridges.
• C)the establishment of crawling peg and fixed exchange rate regimes in developed countries.
• D)lending money to countries experiencing oil supply shocks, lending money to the Mexican government during financial crisis, and offering financial assistance to eastern Europe after the fall of the Berlin Wall.

---

Definitions:

Net Income

The profit remaining after all costs, expenses, and taxes have been subtracted from total revenue.

Allowances

Funds set aside or discounts offered to account for various factors such as potential returns, defective goods, or customer satisfaction initiatives.

Income-Sharing Ratio

An agreed upon proportion used to distribute profits or losses among partners in a partnership.

Limited Liability Company

A corporate model that integrates the flow-through taxation characteristic of partnerships and sole proprietorships with the protective limited liability found in corporations.