The International Monetary Fund was established to
A) ensure flexibility of exchange rates.
B) maintain a stable system of exchange rates.
C) make long-term loans to member countries.
D) create an international currency.
E) manage the affairs of the International Bank for Reconstruction and Development.

Question

Quizplus · Accepted Answer

The International Monetary Fund (IMF) was established in 1944 with the goal of promoting international monetary cooperation and maintaining a stable system of exchange rates. It provides member countries with policy advice, financial assistance, and technical assistance in order to promote economic growth and stability. While the IMF may make loans to member countries, its primary focus is on maintaining the stability of the international monetary system. The IMF does not create an international currency and does not manage the affairs of the International Bank for Reconstruction and Development.

The International Monetary Fund Was Established to