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» Practice Questions
1. The original role of the International Monetary Fund (IMF) was to:
oversee fixed exchange rates
administer foreign aid
provide assistance to developing nations in creating a stable currency system
2. One popular, yet controversial part of IMF programs is _____________________, where in order for countries to receive aid, they must agree to implement certain changes to economic policy.
“Provisional Funding Boards”
neither a. nor b.
3. Voting rights within the IMF have been largely allocated to _______________________, causing controversy as_____________________.
the U.S. and Western Europe, controversy, as many of the nations which receive aid are less represented
countries receiving aid, many of the countries which provide the aid are less represented
countries with particularly autocratic governments, IMF policy tends to push developing nations toward this type of government
Copyright 2012 - Tyler Cowen and Alex Tabarrok