International liquidity comprise which four of the following
(i) Gold held by Central bank
(ii) Dollar reserves of countries other than the U.S.A
(iii) Updated flawless softwares
(iv) Stringent Legal frame-work
| A. | (i) and (ii) |
| B. | (i), (ii) and (iii) |
| C. | (ii), (iii) and (iv) |
| D. | (i), (ii), (iii) and (iv) |
Answer : A Explanation : Under the present international monetary order, among the member countries of the IMF, the chief components of international liquidity structure are taken to be: 1. Gold reserves with the national monetary authorities - central banks and with the IMF. 2. Dollar reserves of countries other than the U.S.A. 3. £-Sterling reserves of countries other than U.K. It should be noted that items (2) and (3) are regarded as 'key currencies' of the world and their reserves held by member countries constitute the respective liabilities of the U.S. and U.K. More recently Swiss francs and German marks also have been regarded as 'key currencies. 4. IMF tranche position which represents the 'drawing potential' of the IMF members; and 5. Credit arrangements (bilateral and multilateral credit) between countries such as 'swap agreements' and the 'Ten' of the Paris Club. Of all these components, however gold and key currencies like dollar today entail greater significance in determining the international liquidity of the world. pramod said: (1:42am on Saturday 24th December 2016)
for dis qstion option(A) is correct bcuz gold is int liquidity dat hold in center bank or IMF
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
