The international Monetary Fund Quiz

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  • 1/110 Questions

    Select the reasons states are inclined to cooperate

    • Economic gains 
    • Influence of the hegemon
    • International expectations
    • They are not inclined to cooperate
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About This Quiz

The International Monetary Fund (IMF) is an international financial institution, headquartered in Washington, D. C., consisting of 190 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world while periodically depending on the World Bank for its resources
Know more about it in this quiz.

The international Monetary Fund Quiz - Quiz

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  • 2. 

    Which international institution has the stated goal of exchange rate stability, short term financing to over balance of payments issues and avoid temporary economic crises

    • WB

    • IBRD

    • IMF

    • UN

    Correct Answer
    A. IMF
    Explanation
    The International Monetary Fund (IMF) is the correct answer. The IMF's main goal is to ensure exchange rate stability among member countries, provide short-term financing to countries facing balance of payments issues, and help prevent temporary economic crises. This is achieved through various measures such as providing financial assistance, offering policy advice, and promoting international cooperation. The World Bank (WB), International Bank for Reconstruction and Development (IBRD), and the United Nations (UN) also play important roles in international development and finance, but their primary objectives differ from those of the IMF.

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  • 3. 

    Who has Veto Power in the World Bank?

    • The US

    • The UK

    • France

    • China

    • Russia

    Correct Answer
    A. The US
    Explanation
    The United States has veto power in the World Bank. This means that they have the ability to block any decision or resolution made by the organization, regardless of the support it has from other member countries. The US holds the largest voting share in the World Bank, giving them significant influence over its policies and decisions. As a result, they have the power to shape the direction and priorities of the institution.

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  • 4. 

    As a means of diametrically opposing the existing western influence in International organizations, what did China do? 

    • Withdraw from the World Bank

    • Establish the Asian Infrastructure Investment Bank

    • Establish it's own branch of the IMF

    • Denounce Western Influence

    Correct Answer
    A. Establish the Asian Infrastructure Investment Bank
    Explanation
    China established the Asian Infrastructure Investment Bank as a means of diametrically opposing the existing western influence in international organizations. This move allowed China to have more control and influence in the development and financing of infrastructure projects in Asia, which were previously dominated by Western-led institutions like the World Bank. By establishing its own bank, China aimed to challenge the existing power dynamics and assert its position as a global economic leader.

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  • 5. 

    Select the critics of the Bretton Woods Institutions

    • Ideologically supportive of Neoliberalism

    • Lack of accountability

    • Made significant strides in development

    • Negative impacts on communities

    Correct Answer(s)
    A. Ideologically supportive of Neoliberalism
    A. Lack of accountability
    A. Negative impacts on communities
    Explanation
    The critics of the Bretton Woods Institutions argue that they are ideologically supportive of Neoliberalism, which promotes free market capitalism and limited government intervention. They also criticize the lack of accountability within these institutions, as decisions are often made without proper transparency or democratic processes. Additionally, critics argue that the institutions have had negative impacts on communities, particularly in developing countries, through policies that prioritize the interests of multinational corporations and wealthy nations over the needs of local communities.

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  • 6. 

    Which UN Program was founded to improve the health and welfare of children and advocated against the powered breast milk campaign?

    • UNICEF

    • UNCTAD

    • WHO

    • UNDP

    Correct Answer
    A. UNICEF
    Explanation
    UNICEF, also known as the United Nations Children's Fund, was founded to improve the health and welfare of children. It works towards providing healthcare, nutrition, education, and protection for children around the world. UNICEF also advocates against harmful practices, such as the promotion of powered breast milk, which can have negative effects on infant health. Therefore, UNICEF is the correct answer as it aligns with the objective of improving child health and welfare and opposing the powered breast milk campaign.

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  • 7. 

    The UN is considered to have a _______________ agenda

    • Marxist

    • Top-Bottom

    • Grassroots

    • Bottom-up

    Correct Answer
    A. Bottom-up
    Explanation
    The term "bottom-up" refers to an approach or strategy that starts at the individual or local level and gradually builds up to a larger scale. In the context of the UN, having a "bottom-up" agenda means that it focuses on addressing the needs and concerns of individuals, communities, and countries from the grassroots level, and then uses this as a foundation to inform and shape its overall agenda and policies. This approach ensures inclusivity, participation, and responsiveness to the diverse perspectives and challenges faced by different regions and populations.

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  • 8. 

    What does UNDP have that provides them with a deeper understanding of their community and more convening power than the World Bank?

    • Extensive research

    • Human Development Report

    • Annual Conferences 

    • Resident Representatives

    Correct Answer
    A. Resident Representatives
    Explanation
    UNDP has Resident Representatives, which give them a deeper understanding of their community and more convening power than the World Bank. Resident Representatives are UNDP's senior representatives in countries, responsible for coordinating and implementing development programs. They have a direct presence in the communities they serve, allowing them to have a better understanding of local needs and challenges. This on-the-ground presence and engagement with local stakeholders give UNDP an advantage in convening power and building relationships with key actors in the community.

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  • 9. 

    Select the reasons UNDP is trusted by the South

    • Resident Representatives

    • Under the influence of the US

    • Country-owned programs

    • Provided support in key moments for developing countries

    • Overtly hegemonic

    Correct Answer(s)
    A. Resident Representatives
    A. Country-owned programs
    A. Provided support in key moments for developing countries
    Explanation
    The UNDP is trusted by the South for several reasons. Firstly, the presence of Resident Representatives ensures that the UNDP has a local presence and understanding of the needs and challenges of the countries it works with. Secondly, the emphasis on country-owned programs means that the UNDP respects and supports the priorities and decisions made by the governments of developing countries. Lastly, the UNDP has provided crucial support in key moments for developing countries, demonstrating its commitment to helping them overcome challenges and achieve their development goals.

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  • 10. 

    T or F: The World Bank is both a partner and competitor with UNDP

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The World Bank and UNDP (United Nations Development Programme) are both international organizations that work towards promoting development and reducing poverty. While they have similar goals, they have different approaches and areas of focus. The World Bank primarily provides financial assistance and loans to developing countries, whereas UNDP focuses on policy advice, capacity building, and technical assistance. Despite their differences, they often collaborate and work together on various development projects, making them partners. However, they also compete in some aspects, such as securing funding and implementing projects, making them competitors as well. Therefore, the statement that the World Bank is both a partner and competitor with UNDP is true.

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  • 11. 

    Select the issues with Informality

    • Allows for creativity

    • Vital for developing countries

    • Result of a lack of any other options

    • Little growth

    Correct Answer(s)
    A. Result of a lack of any other options
    A. Little growth
    Explanation
    Informality can be seen as a result of a lack of any other options because when formal employment opportunities are limited or unavailable, people may resort to informal work as a means of survival. This can lead to little growth in terms of job security, income stability, and career advancement. However, informality also allows for creativity as individuals may find innovative ways to make a living outside of traditional formal structures. Additionally, informality can be vital for developing countries as it provides a source of income and employment for a significant portion of the population.

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  • 12. 

    T or F: Ownership is necessary to be a multinational firm

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Ownership is not necessary to be a multinational firm. A multinational firm is a company that operates in multiple countries, either through subsidiaries or branches. Ownership refers to having control or ownership of the subsidiary or branch in a foreign country. However, there are cases where multinational firms operate in foreign countries without full ownership, such as through joint ventures or partnerships. Therefore, ownership is not a requirement to be considered a multinational firm.

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  • 13. 

    T or F: South-South flows indicate that Global South states are more likely to invest in their struggling neighbours

    • True

    • False

    Correct Answer
    A. True
    Explanation
    South-South flows refer to financial investments, aid, or trade between countries in the Global South. This suggests that Global South states are more likely to invest in their struggling neighbors, as they share similar economic and development challenges. This can be seen as a form of solidarity and cooperation among developing countries, aiming to support each other's growth and development. Therefore, the statement "South-South flows indicate that Global South states are more likely to invest in their struggling neighbors" is true.

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  • 14. 

    T or F: Prior to investing, MNCs have the bargaining advantage

    • True

    • False

    Correct Answer
    A. True
    Explanation
    MNCs, or multinational corporations, typically have a bargaining advantage prior to investing due to their size, resources, and global presence. They often have more bargaining power compared to smaller local businesses or governments, allowing them to negotiate better terms, lower costs, and favorable conditions for their investments. This advantage can stem from their ability to bring in foreign direct investment, access to advanced technology or expertise, and their ability to leverage their market share or global supply chains. As a result, MNCs often have the upper hand in negotiations and can secure more favorable investment deals.

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  • 15. 

    T or F: The Washington Consensus supports MNCs being involved in development

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The Washington Consensus refers to a set of economic policies that were advocated by international financial institutions in the 1980s and 1990s. These policies emphasized free market principles, deregulation, and privatization. One of the key aspects of the Washington Consensus was the promotion of foreign direct investment and the involvement of multinational corporations (MNCs) in the development process. Therefore, it can be concluded that the Washington Consensus does support MNCs being involved in development.

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  • 16. 

    When states are afraid to put in good policy for fear of being sued by MNCs, this is referred to as... 

    • Regulatory Chill

    • Obsolescing bargain

    • MNC standards

    • Unfortunate reality

    Correct Answer
    A. Regulatory Chill
    Explanation
    Regulatory Chill refers to the situation where states are hesitant to implement effective policies due to the fear of facing lawsuits from multinational corporations (MNCs). This fear arises from the potential legal actions that MNCs can take against states under international trade and investment agreements. The term "Regulatory Chill" highlights the chilling effect this fear has on states' willingness to enact policies that may be in the public interest but could potentially harm the interests of MNCs.

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  • 17. 

    T or F: Countries who were subject to SAPs did not take to the conditionalities and often tried to avoid them

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Countries who were subject to SAPs (Structural Adjustment Programs) often resisted and tried to avoid the conditionalities imposed on them. These conditionalities typically required countries to implement economic reforms such as reducing government spending, privatizing state-owned enterprises, and liberalizing trade. However, many countries faced challenges in implementing these measures due to various reasons such as political opposition, social unrest, or the negative impact on vulnerable populations. As a result, they often resisted or attempted to find ways to circumvent these conditionalities, leading to a true statement that countries subject to SAPs did not fully embrace or comply with the imposed conditions.

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  • 18. 

    T or F: CS is issue oriented

    • True

    • False

    Correct Answer
    A. True
    Explanation
    CS, which stands for Computer Science, is a field that is primarily focused on solving problems and addressing issues through the use of technology and computational methods. It involves analyzing and understanding real-world problems and then developing solutions using programming, algorithms, and other tools. Therefore, CS can be considered issue-oriented as it aims to tackle various challenges and provide practical solutions to them.

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  • 19. 

    T or F: Criminal organizations are not considered part of CSOs

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Criminal organizations are not considered part of CSOs (Civil Society Organizations) because CSOs are typically non-profit, non-governmental organizations that aim to promote social welfare and advocate for the rights and interests of citizens. Criminal organizations, on the other hand, engage in illegal activities and often operate outside the boundaries of the law. Therefore, they do not align with the values and objectives of CSOs.

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  • 20. 

    Which Humanitarian assistance perspective beliefs it can be used to push political/foreign policy goals of donors?

    • Dunantist

    • Wilsonian

    • Hammonian

    • Gramscian

    Correct Answer
    A. Wilsonian
    Explanation
    The Wilsonian perspective of humanitarian assistance believes that it can be used to push political/foreign policy goals of donors. This perspective is named after Woodrow Wilson, who advocated for the promotion of democracy and self-determination as a means of achieving peace and stability. According to the Wilsonian view, providing humanitarian assistance can be a tool for promoting these ideals and advancing the interests of the donor country. This perspective emphasizes the importance of using humanitarian aid as a way to shape global politics and promote democratic values.

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  • 21. 

    T or F: Campaigns are most effective when they combine the role of the outsiders and insider 

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Campaigns are most effective when they combine the role of the outsiders and insiders. This means that a successful campaign should involve both individuals who are part of the organization or cause being campaigned for (insiders) and individuals who are external to it (outsiders). Insiders have a deep understanding of the organization and its goals, while outsiders bring fresh perspectives and new ideas. By combining the knowledge and expertise of both insiders and outsiders, campaigns can benefit from a diverse range of insights and strategies, leading to greater effectiveness in achieving their objectives.

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  • 22. 

    Select the reasons why the emerging economies offer an important facet to development

    • More empathy

    • New colonialism

    • Alternative to the Western perspective of development

    • Technical know-how

    • Propagates a dependency culture 

    Correct Answer(s)
    A. More empathy
    A. Alternative to the Western perspective of development
    A. Technical know-how
    Explanation
    Emerging economies offer an important facet to development because they bring more empathy to the table, offering a different perspective and understanding of the challenges faced by developing countries. They also provide an alternative to the Western perspective of development, allowing for diverse approaches and solutions. Additionally, emerging economies possess technical know-how, bringing expertise and innovation to address various development issues.

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  • 23. 

    What was the reformed international institution that was an alternative to the G7 and offered a forum for common issues

    • BRICS

    • CRA

    • G20

    • CDB

    Correct Answer
    A. G20
    Explanation
    The G20 is the correct answer because it is a reformed international institution that serves as an alternative to the G7. It offers a forum for discussing and addressing common issues among its member countries. The G20 consists of major economies from around the world and plays a significant role in global economic governance and cooperation.

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  • 24. 

    Select the two main characteristics Jim O'Neill used to classify the BRICS countries

    • Large populations

    • High population density

    • Rapid economic growth

    • Developed Countries

    Correct Answer(s)
    A. Large populations
    A. Rapid economic growth
    Explanation
    Jim O'Neill used rapid economic growth and large populations as the two main characteristics to classify the BRICS countries. These characteristics are significant because they differentiate these countries from others and highlight their potential for economic development and influence on the global stage. Rapid economic growth indicates that these countries are experiencing significant advancements in their economies, which can lead to increased prosperity and global influence. Large populations suggest a significant consumer base and potential for market expansion, making these countries attractive for investment and trade opportunities.

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  • 25. 

    Which Chinese Ministry is in charge of ensuring that foreign policy is political compatible and runs feasibility tests

    • Ministry of Commerce

    • Ministry of Foreign Aid

    • Ministry of Finance

    • Export-Import Bank

    Correct Answer
    A. Ministry of Foreign Aid
    Explanation
    The Ministry of Foreign Aid is responsible for ensuring that foreign policy is politically compatible and runs feasibility tests. This ministry focuses on providing assistance and aid to other countries, and it plays a crucial role in shaping China's foreign policy agenda. By conducting feasibility tests, the ministry ensures that the policies and aid provided align with China's political goals and objectives. This helps in maintaining political compatibility and ensuring the effectiveness of China's foreign aid programs.

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  • 26. 

    T or F: The Chinese Development Bank is used for funding development outside of China

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The Chinese Development Bank is indeed used for funding development outside of China. It is a state-owned policy bank that provides financial support for various infrastructure projects and development initiatives in other countries. The bank plays a crucial role in promoting economic cooperation and investment between China and other nations, contributing to China's global influence and the Belt and Road Initiative.

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  • 27. 

    Select the four key Principles of Chinese Development

    • Equal partnerships

    • Assistance based on Mutual Benefit

    • No conditionality attached to aid

    • Support anti-Western movement

    • Respect the sovereignty of the state

    Correct Answer(s)
    A. Equal partnerships
    A. Assistance based on Mutual Benefit
    A. No conditionality attached to aid
    A. Respect the sovereignty of the state
    Explanation
    The four key principles of Chinese development are equal partnerships, assistance based on mutual benefit, no conditionality attached to aid, and respect for the sovereignty of the state. These principles reflect China's approach to international relations and development cooperation, emphasizing equality, mutual benefit, non-interference, and respect for the sovereignty of other nations. China aims to establish partnerships with other countries based on mutual respect and benefit, providing aid without imposing conditions or interfering in the internal affairs of recipient countries. This approach contrasts with the support for anti-Western movements, which is not one of the key principles of Chinese development.

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  • 28. 

    T or F: To promote economic growth, Chinese states will promote Chinese companies through their partner governments, ensuring Chinese firms get the best work opportunities

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The statement suggests that Chinese states will actively support and promote Chinese companies by collaborating with partner governments. This support aims to provide Chinese firms with the best work opportunities, which in turn can contribute to economic growth.

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  • 29. 

    T or F: China is considered to have played a very minimal part in the growth of African economies

    • True

    • False

    Correct Answer
    A. False
    Explanation
    China is considered to have played a very minimal part in the growth of African economies. This statement is false. China has significantly contributed to the growth of African economies through various means such as trade, investment, infrastructure development, and loans. China's involvement in Africa has increased over the years, with investments in sectors like manufacturing, construction, agriculture, and energy. Chinese loans have also helped fund major infrastructure projects in Africa. Therefore, it can be concluded that China has played a significant role in the growth of African economies.

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  • 30. 

    Select the parts of the private sector

    • Private businesses

    • NGOs

    • Diaspora

    • Individuals

    Correct Answer(s)
    A. Private businesses
    A. Diaspora
    A. Individuals
    Explanation
    Private businesses, individuals, and diaspora are all parts of the private sector. Private businesses refer to companies that are owned and operated by individuals or groups for profit-making purposes. Individuals represent independent entrepreneurs or self-employed individuals who engage in economic activities outside of government control. Diaspora refers to individuals or groups who have migrated from their home country but still maintain strong ties and contribute to the economic development of their home country. These three entities play a crucial role in driving economic growth, creating job opportunities, and fostering innovation in the private sector. NGOs, on the other hand, are typically considered part of the non-profit or voluntary sector rather than the private sector.

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  • 31. 

    T or F: Remittances are only the flows of money from Diaspora

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Remittances are not only the flows of money from the Diaspora. They also include the money sent by migrant workers to their home countries, as well as any other financial transfers made by individuals living abroad to their families or friends back home. Therefore, the statement that remittances are only the flows of money from the Diaspora is false.

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  • 32. 

    T or F: According to Dade, the reason for CSR doesn't matter as long as there is a positive outcome

    • True

    • False

    Correct Answer
    A. True
    Explanation
    According to Dade, the reason for corporate social responsibility (CSR) doesn't matter as long as there is a positive outcome. This implies that Dade believes that the motive behind engaging in CSR activities is not as important as the end result. Whether a company engages in CSR to genuinely make a positive impact or simply to improve its public image, as long as there is a positive outcome, Dade considers it acceptable.

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  • 33. 

    What was created as a response to a significant need for investment in infrastructure in Asia-Pacific?

    • NDB

    • CDB

    • AIIB

    • IMF

    Correct Answer
    A. AIIB
    Explanation
    The Asian Infrastructure Investment Bank (AIIB) was created as a response to a significant need for investment in infrastructure in the Asia-Pacific region. It aims to provide financial support for infrastructure projects such as transportation, energy, and telecommunications, which are crucial for economic development and regional connectivity. The AIIB's establishment was driven by the recognition that existing institutions like the International Monetary Fund (IMF) were unable to meet the growing demand for infrastructure financing in the region.

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  • 34. 

    Ethics suggests that one should subordinate the goals of their work to the ________ of how they're being accomplished

    Correct Answer
    means, ways, way
    Explanation
    Ethics suggests that one should subordinate the goals of their work to the means, ways, or way of how they're being accomplished. This means that the ethical approach prioritizes the methods and processes used to achieve a goal rather than solely focusing on the end result. It emphasizes the importance of conducting work in a morally and socially responsible manner, ensuring that the means align with ethical principles and values. By prioritizing the means, ways, or way, individuals can ensure that their actions are in line with ethical standards and avoid any unethical or harmful practices.

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  • 35. 

    T or F: There needs to be further questioning on the actions being done in deevlopment

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The given answer "True" suggests that there is a need for additional questioning or investigation regarding the actions being performed in development. This implies that there might be some doubts or uncertainties about the development process, and further examination is required to ensure its effectiveness or to identify any potential issues or improvements that need to be addressed.

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  • 36. 

    As stated in the closing slide; It begins, but does not end, with what?

    • Personal Commitment

    • Compassion

    • Empathy

    • Radical Generosity

    Correct Answer
    A. Personal Commitment
    Explanation
    The closing slide suggests that the topic being discussed, which is not specified, starts with personal commitment. This implies that personal commitment is the initial step or foundation for whatever is being discussed. However, the slide also implies that personal commitment is not the only factor or the final step, as it "does not end" with personal commitment. Therefore, the correct answer is Personal Commitment.

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  • 37. 

    In 1971, the IMF shifted its mandate to.... 

    • Interest-free loans

    • Longer term financing

    • Equal voting share

    • Removal of the Gold Standard

    Correct Answer
    A. Longer term financing
    Explanation
    In 1971, the IMF shifted its mandate to longer term financing. This means that the IMF started focusing on providing financial assistance to member countries for a longer period of time, rather than just short-term loans. This shift was likely made to address the needs of countries that required sustained financial support to overcome economic challenges and promote stability. By offering longer term financing, the IMF could better support countries in their efforts to achieve economic growth and development.

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  • 38. 

    If countries must reduce government expenditure, tighten monetary policy and privatize their industries in order to receive a loan, they are subject to... 

    • Conditionality

    • Balance of Payment

    • Tied Aid 

    • Borrowing

    Correct Answer
    A. Conditionality
    Explanation
    When countries are required to reduce government expenditure, tighten monetary policy, and privatize their industries in order to receive a loan, they are subject to conditionality. This means that the loan is conditional upon the country implementing certain economic reforms and policies as specified by the lender. Conditionality is often imposed by international financial institutions such as the International Monetary Fund (IMF) or the World Bank as a way to ensure that the borrowing country undertakes necessary measures to improve its economic stability and address any structural issues.

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  • 39. 

    T or F: The bank offers soft loans with virtually no interest to developing economies

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The bank offers soft loans with virtually no interest to developing economies. This means that the bank provides loans to developing economies at very low interest rates or sometimes even without any interest. This helps these economies to access financial resources at affordable terms, enabling them to invest in development projects and stimulate economic growth.

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  • 40. 

    Select the characteristics of the global system

    • Same as domestic system

    • No global governance or discipline

    • Self-help survival system

    • International organizations are based compulsory participation

    • International organizations are subject to the influence of states

    Correct Answer(s)
    A. No global governance or discipline
    A. Self-help survival system
    A. International organizations are subject to the influence of states
    Explanation
    The characteristics of the global system include the absence of global governance or discipline, making it a self-help survival system. Additionally, international organizations are subject to the influence of states, indicating that they are not entirely autonomous and their actions can be influenced by member states.

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  • 41. 

    After WWII, the new hegemonic power that emerged was the ________

    Correct Answer(s)
    US, USA
    Explanation
    After WWII, the United States emerged as the new hegemonic power. The war had severely weakened European nations, leaving the US as the dominant global power. The US possessed a strong economy, a powerful military, and played a key role in the establishment of international institutions like the United Nations. It also had significant political influence and was at the forefront of the Cold War against the Soviet Union. These factors combined to solidify the US as the new hegemonic power in the post-WWII era.

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  • 42. 

    T or F: International organizations are limited by state consensus

    • True

    • False

    Correct Answer
    A. True
    Explanation
    International organizations are limited by state consensus because they operate based on agreements and cooperation between sovereign states. These organizations, such as the United Nations or World Trade Organization, rely on the participation and consent of member states to carry out their mandates and make decisions. Without state consensus, international organizations would struggle to effectively implement policies or take action on global issues. Therefore, the statement that international organizations are limited by state consensus is true.

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  • 43. 

    When members pay their quotas to the IMF, what benefits does that provide them?

    • Interest-Free Loans

    • Access to a pool of money

    • Special drawing rights

    • Voting Power

    Correct Answer(s)
    A. Access to a pool of money
    A. Special drawing rights
    A. Voting Power
    Explanation
    Paying quotas to the IMF provides members with access to a pool of money, which they can borrow from in times of financial need. It also grants them special drawing rights, which are a type of international reserve asset that can be used to supplement a member country's own reserves. Additionally, paying quotas gives members voting power within the IMF, allowing them to have a say in decision-making processes. Interest-free loans, however, are not a benefit provided by paying quotas to the IMF.

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  • 44. 

    Who stated that the IMF imposes a highly ideological "cookie-cutter" condition?

    • Sachs

    • McNamara

    • Yong Kim

    • Stiglitz

    Correct Answer
    A. Stiglitz
    Explanation
    Stiglitz is the correct answer because he has been a vocal critic of the IMF and has argued that the organization imposes a one-size-fits-all approach to economic policies, without taking into account the specific needs and circumstances of each country. He has referred to this approach as a "cookie-cutter" condition, suggesting that it is rigid and inflexible. Stiglitz's views on the IMF's policies have been widely discussed and debated in the field of economics.

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  • 45. 

    McNamara shifted the focus on the world bank to address ________ in 1975

    Correct Answer
    poverty
    Explanation
    In 1975, McNamara made a shift in the focus of the world bank to address poverty. This suggests that he redirected the bank's efforts and resources towards tackling the issue of poverty.

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  • 46. 

    In the World Bank, subscriptions and loan guarantees are based on what? 

    • Paid-in contributions

    • Callable contributions

    • Material Contributions

    • Expertise contributions

    Correct Answer(s)
    A. Paid-in contributions
    A. Callable contributions
    Explanation
    The subscriptions and loan guarantees in the World Bank are based on paid-in contributions and callable contributions. Paid-in contributions refer to the actual funds that member countries contribute to the bank, while callable contributions are the commitments made by member countries to provide additional funds if needed. Both types of contributions play a crucial role in supporting the bank's operations and financing development projects around the world.

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  • 47. 

    What bank facilitated development for Latin America from Washington, with recipients having the majority of the vote?

    • Andean Development Corporation

    • Latin American Infrastructure Invest Bank

    • International Development Assistance

    • InterAmerican Development Bank

    Correct Answer
    A. InterAmerican Development Bank
    Explanation
    The InterAmerican Development Bank facilitated development for Latin America from Washington. It provided financial support and resources to promote economic growth and social development in the region. Recipients of the bank's assistance had the majority of the vote, allowing them to have a say in the decision-making process and prioritize their own development needs.

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  • 48. 

    The ________ leaders statement discussed major reforms of influence and shifts in voting shares

    Correct Answer
    Pittsburgh
  • 49. 

    Select the demonstration of public and state influence on in International Financial Institutions

    • Pelosi Amendment

    • Inspection Panel

    • McNamara Shift

    • WB Environmental and Social Framework

    Correct Answer(s)
    A. Pelosi Amendment
    A. Inspection Panel
    A. WB Environmental and Social Framework
    Explanation
    The Pelosi Amendment, Inspection Panel, and WB Environmental and Social Framework are all examples of public and state influence on International Financial Institutions. The Pelosi Amendment refers to a legislative provision that requires the US to vote against loans to countries that fail to cooperate with international drug control efforts. The Inspection Panel is an independent accountability mechanism that allows individuals and communities affected by World Bank-funded projects to file complaints and seek remedies. The WB Environmental and Social Framework is a set of policies that guide the World Bank's investment decisions to ensure they are environmentally and socially sustainable. These examples demonstrate how public and state influence can shape the actions and policies of International Financial Institutions.

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  • Mar 22, 2023
    Quiz Edited by
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  • Apr 23, 2021
    Quiz Created by
    Alfredhook3

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