单选题
The International Monetary System
The international monetary system is
(29) institutional arrangement among the central banks of the countries
(30) belong to the International Monetary Fund (IMF) . This overall monetary system includes different kinds of institutions, financial instruments, rules, and procedures within
(31) foreign exchange markets function. This system is the framework within which countries borrow,
(32) , buy, sell and make payments across political frontiers. The framework determines how bal- ance of payments disequilibrium is
(33) and the consequences that the adjustment process will have on the countries
(34) .
The objective of this system is
(35) an international environment that
(36) conducive to the free
(37) of goods, services, and capital among nations.
(38) , this system also strives to create a
(39) foreign exchange market, to guarantee the convertibility of currencies, and to ensure adequate liquidity. The IMF is one of the primary organizations in this
(40) .