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:

Management Practices

The strategies, methods, and techniques used by managers to perform their functions of planning, organizing, leading, and controlling within an organization.

Human Resource Management

The strategic approach to the effective management of an organization's workers so that they help the business gain a competitive advantage.

Human Resources

The department within an organization that is responsible for managing recruitment, hiring, employee relations, benefits, training, and compliance with labor laws.

Development

The process of growth, progress, or improvement in a particular area, often related to economic, social, or technological advancements.