W5P1 (article): IMF Factsheet Flashcards

1
Q

What does the IMF do?

A

The IMF fosters international stability by offering policy advice, financial assistance, and capacity development

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What are the 3 missions of the IMF?

A
  1. furthering international monetary cooperation
  2. encouraging the expansion of trade and economic growth
  3. discouraging policies that would harm prosperity.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What are SDRs (Special Drawing Rights)

A

An international reserve asset

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

How are SDRs (Special Drawing Rights) generally allocated?

A

The IMF distributes SDRs to member countries in proportion to their quota shares at the IMF

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

How many member countries does the IMF have?

A

190 member countries

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What are the goals of the International Monetary Fund (IMF)?
a) Macroeconomic, global exchange rates, and financial stability
b) Helping people in developing countries
c) Decrease poverty rates and increase trade
d) Ensure a fair distribution of resources between upper and lower classes

A

a) Macroeconomic, global exchange rates, and financial stability

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What are the goals of the World Bank?
a) Lending money to the poor
b) Providing financial advice and loans to the world
c) Economic development and poverty reduction
d) Reduction of tariffs and encouragement of liberalization

A

Economic development and poverty reduction

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

T/F? The World Bank and the International Monetary Fund are opposing organizations.

A

False

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What areas do the World Bank and the International Monetary Fund collaborate on?
a) Country assistance and policy issues
b) Healthy human relationships
c) Enriching the strong countries
d) Enriching private enterprises

A

Country assistance and policy issues

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

When was the International Monetary Fund and World Bank established?
a) 1945
b) 1934
c) 1967
d) 1944

A

d) 1944

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

How is the IMF NOT Funded? (IMF FACTSHEET)
a) Member Quotas
b) Credit Arrangements
c) Tax Revenues of Member Countries
d) Bilateral Borrowing Agreements

A

c) Tax Revenues of Member Countries

How well did you know this?
1
Not at all
2
3
4
5
Perfectly