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When a Country Goes to the IMF for Foreign Currencies

Question 103

Multiple Choice

When a country goes to the IMF for foreign currencies to stabilize its own currency, it enages with the IMF in a(n)


A) one-time-only grant from the IMF
B) purchase-and-resale (of that currency) agreement
C) agreement concerning import controls that is administered jointly by the IMF and the country
D) exchange control agreement that is the prerogative of the IMF alone
E) agreed upon devaluation

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