Help Center WTS COULD DOO Exchange Rate: {Code amount}{Code) EC CNY7.10084/USD Wrong: CNY7.10084/USD1; CNY7.10084/1USD: CNY7.10084-USD1 Question 6 4 out of 9 points 1) IMF stands for 2) Briefly describe the main purpose for IMF to provide temporary funds to member countries. 3) Briefly describe the main condition for IMF to provide temporary funds to member countries. Selected Answer: 1. IMF stands for International Monetary Fund. 2. The IMF's main purpose is to ensure the stability of the international monetary and financial system. 3. The IMF's main condition is that it helps resolve crises, and works with its member counties to improve growth and poverty. Response Feedback: [None Given] Question 7 3 out of 20 points The owing exchange rates are quoted for Poland zloty (PLN), U.S. Dollar(USD), and Japan yen (PY). Citibank PLN 1 - USD 0.17 Dresdner Bank JPY 1 - USD 0.008 1) Calculate the price of the JPY in terms of PLN. 2) Calculate the price of the PLN in terms of jpy. Selected Answer: 1) JPY 1 - USD 0.0087 PLN 1 - USD 0.17 -0.047 JPY/PLN 2) PLN 1 = USD 0.17/JPY 1 - USD 0.008 - 21.25 PLN/JPY Response Feedback Exchange Rate: (Code}[amount}