The __________ is an organization of 185 countries created in 1944 to oversee the monetary and exchange rate policies of its members; member countries pay quotas that are then used to assist countries with temporary imbalances in their balance of payments.

Question

Quizplus · Accepted Answer

The International Monetary Fund (IMF) is an organization of 185 countries created in 1944 to oversee the monetary and exchange rate policies of its members. Member countries pay quotas that are then used to assist countries with temporary imbalances in their balance of payments. The other answer choice, International Bank for Reconstruction and Development (IBRD) is a separate organization within the World Bank group that provides loans to middle-income and creditworthy low-income countries.

The __________ Is an Organization of 185 Countries Created in 1944