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

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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

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3
Q

Ensure that when such changes did occur, they would not spark a series of competitive devaluations

A

The Bretton Woods System

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4
Q

Voting Power

___ “basic votes” plus one vote for each ___ of quota

A

250; SDR100,000

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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
  • 5
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