Identify a true statement about the International Monetary Fund (IMF).
A)It is a lender of the last resort to nations in financial trouble.
B)It was created during the Uruguay round to address international trade disputes.
C)It is not accountable to the governments of the member nations for its actions.
D)It is funded by only the members of the European Union (EU).

Question

Quizplus · Accepted Answer

The International Monetary Fund (IMF) is a lender of last resort to member countries experiencing balance of payments problems. It provides loans to help countries stabilize their economies and manage their debts.

Identify a True Statement About the International Monetary Fund (IMF)