58. The objective of establishing the World Bank was to:
59. According to the Bretton Woods agreement of 1944, which was the only currency that
remained convertible into gold?
60. Which of the following observations is true of the Bretton Woods agreement?
61. An aspect of the Bretton Woods agreement was a commitment not to use:
62. Under a fixed exchange rate regime, what would be the result if a country rapidly
increased its money supply by printing currency?
63. The architects of the Bretton Woods agreement built limited flexibility into the fixed
exchange rate system in order to:
64. The architects of the Bretton Woods agreement wanted to avoid high unemployment, so
they built limited flexibility into the fixed exchange rate system. Which of the following is a major
feature of the International Monetary Fund (IMF) Articles of Agreement that fostered this
flexibility?
65. Which of the following statements is true about the role of the International Monetary
Fund?
66. How does the International Monetary Fund (IMF) provide loans to deficit-laden
countries?
67. Which term was not defined in the International Monetary Fund’s Articles of Agreement
but was intended to apply to countries that had suffered permanent adverse shifts in the demand
for their products?
68. The system of adjustable parities allowed for the devaluation of a country’s currency by
more than 10 percent if the International Monetary Fund (IMF) agreed that a:
69. Without currency devaluation, a country in “fundamental disequilibrium” would
experience:
70. Which of the following was the initial mission of the World Bank?
71. Which of the following was responsible for the World Bank shifting its focus from Europe
to third world nations?
72. Which of the following is true according to the provisions of the Marshall plan?
73. Which of the following is true of the International Bank for Reconstruction and
Development (IBRD) scheme of the World Bank?
74. Which of the following observations about the International Development Association
(IDA) scheme of the World Bank is true?
75. Which of the following is being used after the collapse of the fixed exchange rate system
established at Bretton Woods?
76. The collapse of the fixed exchange rate system has been traced to the:
77. Under the U.S. macroeconomic policy package of 1965-1968, President Lyndon Johnson
backed an increase in U.S. government spending that was financed by:
1968.