Stage 5 Testing 2:True-False Statements
In this part of the test,you will read ten statements about the information presented in the lecture.First read the statement carefully.Then check your notes to decide whether the statement is true or false.If it is true,write a T in the blank space before the statement; if it is false,write an F in the blank.
1._______One of the major purposes of the International Monetary Fund is to facilitate international cooperation and promote international peace and security.
2._______Very poor countries are not required to make contributions to the quota subscription upon joining the IMF.
3._______The larger the quota size of a member country is,the larger the amount of loans the country can borrow from the IMF.
4._______The quota size of the United States is approximately 3,000 times larger than that of Tuvalu in US dollar terms.
5._______The IMF has always taken a stand against foreign exchange controls and international trade restrictions and thus developed various kinds of loans to help member countries to cope with their balance-of-payments problems.
6._______Theoretically the IMF does not make a loss in credit lending because its largest amount of lending charges market-based interest rates.
7._______When borrowing countries comply with the conditionality provisions,they experience temporarily growth in exports and reduction in payment deficits.
8._______The Russian and Argentine governments fully implemented the IMF lending programs and resolved successfully their crises in 1998 and 2001 respectively.
9._______In spite of their criticism of the overall conditionality provisions,critics have to admit that structural conditions are necessary to address the payments deficits.
10._______The IMF is the only international organization that is able to play the role as a lender of last resort.