IMF Schemes Flashcards
1
Q
Create a set of rules that would maintain fixed exchange rates in the face of short-term fluctuations
A
The Bretton Woods System
2
Q
Guarantee that changes in exchange rates would occur only in the face of long-term, persistent deficits or surpluses in the balance of payments
A
The Bretton Woods System
3
Q
Ensure that when such changes did occur, they would not spark a series of competitive devaluations
A
The Bretton Woods System
4
Q
Voting Power
___ “basic votes” plus one vote for each ___ of quota
A
250; SDR100,000
5
Q
SDR
- An international ___ asset created by the ___ to supplement existing reserves
- Valued on the basis of a basket of ___ currencies
A
- Reserve; IMF
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