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Rapid Credit Facility Refers To

Question 52

Multiple Choice

Rapid Credit Facility 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) an international monetary reserve asset issued by the IMF.
D) the main currency that many countries and institutions hold as part of their foreign exchange reserves.
E) a system of disbursing loans which is front-loaded and has low conditionality.

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