Your answers to questions 21-24 must be based on the text below.
In June this year, the BRICs, the world’s newest economic grouping, ended their first major summit by calling for a stable, predictable and more diversified international monetary system. But the leaders of Brazil, Russia, India and China, stopped short of criticising the world’s dominant currency, the US dollar. The group repeated calls for a bigger say in the global financial system through greater representation at major institutions, such as the World Bank.
But the final statement issued by the leaders made no reference to developing new reserve currencies to challenge the dollar, which Russia had called for at a separate event earlier in the day.
Analysts say that as the global recession bites, the four Bric nations are showing a growing willingness to work together. One expert claimed the significance of the summit would be political rather than economic.
(BBC News 16/6/09, adapted)
According to the text, at a meeting in June, the leaders of the BRICs agreed on the need to
