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Question
Which of the following is true of the International Monetary Fund?
A) The IMF is a federal body that consists of representatives of all the states and federal experts in the United States.
B) The IMF is funded from the Superfund created by the Comprehensive Environmental Response, Compensation, and Liability Act.
C) The IMF is an autonomous agency under the UN which promotes sound monetary, fiscal, and macroeconomic policies worldwide.
D) The IMF is responsible for providing one-time grants to needy countries with no terms and conditions attached to the assistance.
Answer
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Related questions
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The ________ School of jurisprudence maintains that the law is shaped by logic.
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The ________ School of jurisprudence emphasizes shaping laws based on morals and ethics.
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Explain the priority of law in the United States.
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Stare decisis is the doctrine of ________.
A) providing proof to assert a fact in court
B) adhering to legal precedent
C) separating powers between state and religion
D) ensuring all legal rights are provided to a person when otherwise deprived of them
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A) judicial
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What is considered as the supreme law of the land in the United States?
A) judicial decisions issued by the state courts
B) the Constitution of the United States of America
C) the federal statutes passed by the United States Congress
D) executive orders passed by the President
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What led to the creation of the Chancery Courts?
A) the insistence for a court system that emphasized legal procedure rather than the merits of a case
B) the law courts' inability to hear all the cases presented to them
C) the increase in overseas trade and proliferation of piracy
D) the unfair results and limited remedies provided by the law courts
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Which of the following statements best indicates how chancery courts were different from law courts?
A) Chancery courts emphasized developing merchant laws rather than laws for the common citizen.
B) Chancery courts inquired into the merits of the case rather than emphasize legal procedures.
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What was the key reason for the creation of law courts during the early development of the English common law?
A) to administer law in a uniform manner
B) to help merchants form a standardized set of commercial laws
C) to increase the power of the king in law-making
D) to facilitate legal disputes for the wealthy and influential
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What was the key factor in the development of the English common law?
A) the development of forensic science in helping decide cases
B) the supremacy of the king and his intervening powers when deciding cases
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The Analytical School of jurisprudence maintains that the law should be ________.
A) shaped by logic
B) based on social behavior
C) set by the ruling class
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A) promoting social justice
B) maximizing individual freedom
C) providing a basis for compromise
D) maintaining the status quo
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Ordinances are not codified into code books.
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Statutes are written laws that establish certain courses of conduct that covered parties can use as a form of guidance.
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Treaties are considered to be a part of the supreme law of the United States of America.
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Federal statutes take precedence over treaties.
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Administrative agencies are created by the judicial branch of government.
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Explain the creation and working of guaranty contracts.
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How is a mistake different from an act of fraud?
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A) Monetary damages are available only for material breaches of contract.
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________ is a clause in a contract in which the parties specify certain events that will excuse nonperformance.
A) Approval clause
B) Express condition
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A) Novation
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Which of the following phrases explain the term covenant?
A) an unconditional promise to perform
B) a breach of contract
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