A Special Drawing Right is a unit of account established by
A. The Federal Reserve Bank.
B. The World Bank
C. The International Monetary Fund
D. The European Central Bank.
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Which of the following is an argument against dollarization?
A. The dollarized country's central bank can no longer act as a lender of last resort（最后的贷款方）
B. The dollarized country can no longer profit from seignorage (the ability to profit from the creation of money within its economy).
C. The dollarized country losses sovereignty over its own monetary policy（货币政策自主权）
D. All of the above.
Which of the following is an attribute of the "ideal" currency?
A. monetary independence
B. full financial integration
C. exchange rate stability
D. All are attributes of an ideal currency.
The IMF exchange rate regime classification identifies ________ as the most rigidly fixed, and ________ as the least fixed.
A. exchange arrangements with no separate legal tender; independent floating
B. crawling pegs; managed float
C. currency board arrangements; independent floating
D. pegged exchange rates within horizontal bands; exchange rates within crawling pegs
The International Monetary Fund (IMF)
A. in recent years has provided large loans to Russia, South Korea, and Brazil.
B. was created as a result of the Bretton Woods Agreement.
C. aids countries with balance of payment and exchange rate problems.
D. is all of the above.
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