Question on: JAMB Economics - 2019
When a member's currency is declared "scarce", it is the duty of the IMF to______
A
suspend the member state indefinitely
B
ban all exports from that state
C
suspend dealings in that currency for one year
D
ration it among the countries demanding it
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Correct Option: D
What declares a "scarce currency" is the clause provide that if IMF runs out of sticks of a country's currency. which members would be entitled and expected to discriminate against the country's goods in their trade policies.
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