13.What was the original purpose of the International Monetary Fund?

A.It was a fund of gold and currencies available to members for currency stabilisation

B.It was a fund of gold and currencies available to members for long term development projects

C.To invent new monetary instruments

D.As an investment manager for member governments

15.Under Bretton Woods all currencies were?

A.Hard pegged against the US dollar

B.Exchangeable against gold

C.Floating

D.Set in terms of the USD as a proxy for an adjustable peg against gold

16.Why might a company decideNOTto go global?

A.The inability to find local staff who can speak English

B.The home currency of the company has just appreciated against all currencies making it more expensive to establish offshore operations

C.The complexity of the local taxes, regulations, and accounting practices

D.The CEO does not want to move to another country