Which of the Two Features of the IMF Articles of Agreement

question 15

Multiple Choice

Which of the two features of the IMF Articles of Agreement helped promote flexibility in external adjustment?

• A) IMF members helped countries maintain full employment.
• B) IMF allowed countries to attain internal balance.
• C) New countries would enter the agreement if they fixed their exchange rate.
• D) IMF members contributed their currency to form a pool of resources that IMF could lend to countries in need and parities in the exchange rate against the dollar could be adjusted with agreement of IMF.
• E) IMF members argued against the use of floating exchange rates.

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Definitions:

Marginal Cost

The financial outlay for creating an additional unit of a product.

Stand-By Passenger

A traveler waiting without a confirmed seat assignment, hoping to board a flight due to last-minute cancellations or no-shows.

Marginal Cost

The expenditure required to produce a further single unit of a product or service.

Corporate Job

Employment within a large company, often implying a job with benefits, structure, and a hierarchical organization.