One of the Functions of the International Monetary Fund (IMF)

question 78

True/False

One of the functions of the International Monetary Fund (IMF) was to monitor problems that a country might experience in maintaining equilibrium in its balance of payments.By agreement, countries would need permission from the IMF to alter their peg if the initial par value was to be adjusted by more than 10%.

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Definitions:

Alternative Dispute Resolution

A range of processes, such as mediation and arbitration, designed to resolve disputes without traditional litigation.

Question of Law

A matter concerning the interpretation or application of laws, as opposed to a question of fact, decided by a judge.

Appellate Court

An Appellate Court is a higher court that reviews the decisions of lower courts to ensure legal errors were not made during the proceedings.

Arbitrator's Decision

The final ruling or determination made by an arbitrator, who is a neutral third party chosen to resolve a dispute.