What is the IMF's basic function?
A) To improve the living standards of people in the developing world.
B) To advise nations on how to establish sound political policies.
C) To provide a means for the exchange of currencies among different nations.
D) To fight poverty in all nations.

Question

Quizplus · Accepted Answer

The International Monetary Fund (IMF) provides a means for the exchange of currencies among different nations. It promotes international monetary cooperation and exchange rate stability, facilitates balanced international trade, and provides resources to help members in need of financial assistance. While poverty reduction can be a result of IMF policies, it is not its primary function. Similarly, while it advises nations on economic policies, it does not deal with political policies.

What Is the IMF's Basic Function