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which of the following is considered the main reason for IMF establishment? A. Increase the money supply worldwide and that why they introduced their currency
which of the following is considered the main reason for IMF establishment?
A. | Increase the money supply worldwide and that why they introduced their currency (SDR). | |
B. | Act as the world central bank (lender of the last resort) since 43 countries tied their currencies to the US dollar, so countries rely on the IMF in case of Economic slowdown. | |
C. | Increase the trade & fix the exchange rates between the member countries. | |
D. | Reconstruct countries after World Wars. |
who set the London InterBank Offered Rate (LIBOR)?
A. | American Bankers Association (ABA). | |
B. | London Bankers Association (LBA). | |
C. | British Bankers Association (BBA). | |
D. | Bank of England. |
Eurodollar is
A. | The euro deposited on the financial institutions outside the Euro Zone. | |
B. | The US dollar deposited on the European financial institution. | |
C. | The euro deposited on the US financial institution. | |
D. | The US dollar deposited on the financial institution outside the US. |
This quotation "EUR/USD 0.91822/35" read as
A. | the bid price is 0.91835 Euro per one USD and ask price is 0.91822 Euro per USD. | |
B. | the bid price is 0.91835 USD per one Euro and ask price is 0.91822 USD per one Euro. | |
C. | the bid price is 0.91822 USD per one Euro and ask price is 0.91835 USD per one Euro. | |
D. | the bid price is 0.91822 Euro per one USD and ask price is 0.91835 Euro per USD. |
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