When a member's currency is declared "scarce&quo...
When a member's currency is declared "scarce", it is the duty of the IMF to______
Suspend the member state indefinitely
Ban all exports from that state
Suspend dealings in that currency for one year
Ration it among the countries demanding it
Correct answer is D
The clause provided that if the IMF ran out of sticks of a country's currency, this could be declared a "scarce currency", upon which members would be entitled and expected to discriminate against the country's goods in their trade policies.
The formular used by the Expenditure approach to calculate National income is ...
The rural area of West Africa lack industries because ...
Average Variable Cost (AVC) curve ...
One of the economic problems of Nigeria today arises from ...
Demand pull inflation is likely to be caused by ...
Inflation may occur if there is ...
The maximum number of workers that should be hired is ...
A public limited company could finance its operations through ...