Countries with chronic balance of payments deficits eventually need to borrow abroad often from the ________ as the lender of last resort?

Related Mcqs:

Which of the following may constitute the International Monetary Fund’s conditionality for borrowing?

I. government reducing budget deficts II. limiting credit creation and liberalizing trade III. achieving market-clearing price IV. restraining public sector employment and wage rates A. I and II only B. III and IV only C. I, II , III and IV D. None of these...

A development bank based in London, which loans funds to governments of Eastern Europe and the former Soviet Union is the ?

A. Transitional Monetary Fund B. World Bank C. European Bank for Reconstruction and Development D. OECD...

Pathologies endemic to the Soviet bureaucracy included secrecy formalism cumbersome procedures rigidity and the tendency to concentrate on control rather than performance The party controlled The state by using the ____ the power to recommend and approve managers in administration and enterprises, of appointments and promotions to control access to government positions ?

A. Gosplan B. Gosagroprom C. nomenklatura system D. Parastatals...

S = Savings, I = domestic investment, X = exports of goods and services, and M = imports of goods and services Which of the following is true ?

A. S – I = X = M B. S + I = X + M C. S = I – (X+M) D. S-I = X/M...

Countries facing a persistent external deficit can ?

I. borrow overseas II. increase trade restrictions and exchange controls III. undertake expansionary monetary and fiscal policies IV. Undertake expenditure-reducing policies A. I and II only B. III and IV only C. I, II and III only D. I, II and IV only...