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The International Monetary Fund
The International Monetary Fund is a kind of an embryo World Central Bank. Its objectives are:
i. To work towards the full convertibility of currencies by encouraging the growth of world trade.
ii. To stabilize exchange rates between currencies.
iii. To give short-term assistance to countries having balance of payments problems.
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Explain the importance of managerial economics.
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Describe and answer in economic terms a managerial decision you have knowledge about (for example one that has to be made at your place of employment). Some examples of decisions a
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