Flexible Credit Line (FCL)refers to:
A)a system in which currencies float against one another with governments intervening only to stabilize their currencies at set target exchange rates.
B)a negotiable certificate issued by a U.S.bank representing a specified number of shares (or one share)in a foreign stock that is traded on a U.S.exchange.
C)a fast-disbursing loan facility with low conditionality aimed at reassuring investors by injecting liquidity.
D)an international monetary reserve asset issued by the IMF.
E)the main currency that many countries and institutions hold as part of their foreign exchange reserves.

Question

Quizplus · Accepted Answer

The Flexible Credit Line (FCL) is a fast-disbursing loan facility provided by the International Monetary Fund (IMF) with low conditionality, designed to reassure investors by providing countries with the ability to borrow money quickly to address balance of payments problems, thus injecting liquidity into their economies.

Flexible Credit Line (FCL)refers To