Which term was not defined in the International Monetary Fund's Articles of Agreement but was intended to apply to countries that had suffered permanent adverse shifts in the demand for their products?
A)Competitive disadvantage
B)Capital flight
C)Fundamental disequilibrium
D)Break-even point
E)Diseconomies of scale

Question

Quizplus · Accepted Answer

The system of adjustable parities allowed for the devaluation of a country's currency by more than 10 percent if the International Monetary Fund (IMF) agreed that a country's balance of payments was in "fundamental disequilibrium." The term fundamental disequilibrium was not defined in the IMF's Articles of Agreement, but it was intended to apply to countries that had suffered permanent adverse shifts in the demand for their products.

Which Term Was Not Defined in the International Monetary Fund's