An Argument That Supports the View That the World Needs

Multiple Choice

An argument that supports the view that the world needs an international lender of last resort such as the IMF is that

A) central banks in emerging-market countries lack credibility as inflation fighters.
B) an international lender of last resort creates a safety net that protects bank depositors.
C) the IMF is slow to lend, which ultimately reduces the amount that must be borrowed.
D) the IMF imposes requirements that borrowing countries must enact microeconomic policies to reform their financial systems.