BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The “financial account” of the IMF’s Balance-of-Payments Statistics measures the total financial wealth of citizens in each reporting country.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Providing loans and concessional financial assistance to member countries experiencing actual or potential balance-of-payments problems is a core responsibility of the IMF.
Detailed explanation-2: -The IMF’s primary objective is the overall promotion of world trade. The IMF meets its primary objective by overseeing the balance of payments, acting as a forum of world negotiation, and regulating world exchange rates.
Detailed explanation-3: -The SDR is an accounting unit for IMF transactions with member countries – and a stable asset in countries’ international reserves.
Detailed explanation-4: -The correct answer is It grants loans to only member countries.
There is 1 question to complete.