International Finance And Treasury - Study Mode

[#531] IMF augments its resources by borrowing under
Correct Answer

(D) All the above

Explanation

Solution: IMF augments its resources by borrowing under General arrangements to borrow, New arrangements to borrow and Trust funds.

[#532] What is the role of IMF
Correct Answer

(C) It Observes world exchange rates, balance of payments and multilateral payments

Explanation

Solution: The role of IMF is that it observes world exchange rates, balance of payments and multilateral payments.

[#533] The abbreviations SDR stands for
Correct Answer

(A) Special Drawing Rights

Explanation

Solution: The abbreviations SDR stands for Special Drawing Rights. Special drawing rights (SDR) refer to an international type of monetary reserve currency created by the International Monetary Fund (IMF) in 1969 that operates as a supplement to the existing money reserves of member countries.

[#534] The term World Bank refers to
Correct Answer

(C) Both IBRD and IDA

Explanation

Solution: The term World Bank refers to both IBRD and IDA. Both IBRD loans and IDA credits support investment projects and programs designed to meet priority economic and social needs.

[#535] The eligibility to borrow from IDA is based on
Correct Answer

(D) all the above

Explanation

Solution: The eligibility to borrow from IDA is based on relative poverty, lack of creditworthiness to borrow on market terms and good policy performance.