Assets That the IMF Created to Be Used by Countries

question 197

Multiple Choice

Assets that the IMF created to be used by countries to settle international payment obligations are called

• A)capital intervention accounts.
• B)foreign currency reserves.
• C)gold reserves.
• D)special drawing rights.

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Definitions:

Break-Even

The point at which total costs equal total revenue, resulting in neither profit nor loss.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production supplies.

Fixed Costs

Expenses that do not change with the level of output or activity, such as rent, salaries, and insurance premiums.

Break-Even

The point at which total revenues equal total costs, resulting in neither profit nor loss.