Title: The IMF and the World Bank
Course: Demo 1

Q: In global finance the term IMF refers to the ________.
- International Money and Finance
- Industrial Monetary Finance
- International Monetary Fund
A: International Monetary Fund

Q: The international monetary community created both the IMF and the World Bank because:
- the community could not agree and required a compromise
- the U.S. established the World Bank solely as a check and balance of the power of the IMF
- the two organizations create an important division of labor
A: the two organizations create an important division of labor

Q: Which of the following is owned by governments of member nations, including most major industrialized nations:
- the International Monetary Fund
- the World Bank
- UNICEF
A: the International Monetary Fund; the World Bank

Q: Which of the following seeks to ensure the health of the economies of member nations:
- the International Monetary Fund
- the World Bank
- the Federal Reserve
A: the International Monetary Fund; the World Bank

Q: Which of the following has primary responsibility for financing economic development on behalf of the international community?
- the International Monetary Fund
- the WTO
- the World Bank
A: the World Bank

Q: Which of the following has as its primary purpose promoting economic and social progress in developing countries:
- the International Monetary Fund
- the General Agreement on Tariffs and Trade
- the World Bank
A: the World Bank

Q: What major economic event motivated nations to set their individual goals aside to reduce volatility (or dramatic, unpredictable change) in the global economy:
- World War II
- the Recession of 2008
- the Great Depression
A: the Great Depression

Q: Members of the IMF agree to:
- the free exchange of currency
- to inform the IMF of monetary policies that will impact the global economy
- to allow the IMF to make corrections to each nation’s policies as needed for global stability
A: the free exchange of currency; to inform the IMF of monetary policies that will impact the global economy

Q: If Guatemala is seeking funding to invest in expanding production and exports that will grow its economy then it would turn to:
- the International Monetary Fund.
- the World Trade Organization.
- the World Bank.
A: the World Bank.

Q: If Haiti is seeking funding to rebuild education and industrial infrastructure after a major earthquake then it would turn to:
- the International Monetary Fund
- the United Nations
- the World Bank
A: the World Bank

Q: If Mexico is seeking credit to stabilize its currency in a major economic disruption then it would turn to:
- the World Bank
- the Federal Reserve
- the International Monetary Fund
A: the International Monetary Fund

Q: If a country is seeking credit to stabilize its banking system to prevent a collapse that would have a global impact then it would turn to:
- the World Bank
- the Federal Reserve
- the International Monetary Fund
A: the International Monetary Fund