The primary objective of the International Monetary Fund is to ________.
A)encourage euro adoption
B)promote exchange rate stability
C)establish a unilateral system of payments
D)foster the power of the foreign-exchange market

Question

Quizplus · Accepted Answer

The primary objective of the International Monetary Fund (IMF) is to promote exchange rate stability by providing member countries with access to temporary financing and assisting in the establishment of sound economic policies. The IMF also aims to facilitate international trade and promote economic growth and development. The other answer choices (A, C, and D) do not align with the stated primary objective of the IMF.

The Primary Objective of the International Monetary Fund Is to ________