An Argument That Supports the View That the World Needs

question 76

Multiple Choice

An argument that supports the view that the world needs an international lender of last resort such as the IMF is that

• A) central banks in emerging-market countries lack credibility as inflation fighters.
• B) an international lender of last resort creates a safety net that protects bank depositors.
• C) the IMF is slow to lend, which ultimately reduces the amount that must be borrowed.
• D) the IMF imposes requirements that borrowing countries must enact microeconomic policies to reform their financial systems.

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Definitions:

Precisionism

An artistic movement characterized by the depiction of industrial and urban landscapes with sharp, geometric forms and an emphasis on accuracy.

Cubism

An early 20th-century avant-garde art movement pioneered by Pablo Picasso and Georges Braque, characterized by the fragmentation of objects into geometric forms and multiple perspectives.

Jacob Lawrence

An American painter known for his portrayal of African-American historical subjects and contemporary life.

Migration of the Negro

A series of paintings by artist Jacob Lawrence detailing the migration of African Americans from the rural South to the urban North in the early 20th century.