What is the International Monetary Fund (IMF)?
A) it is an agency of the US Government.
B) it is an international organization that oversees the global financial system.
C) it is a private foundation funded by contributions from transnational corporations.
D) it is a major international bank located in Switzerland.

Question

Quizplus · Accepted Answer

The International Monetary Fund (IMF) is an international organization that oversees the global financial system. It was established in 1944 to promote international economic cooperation, exchange rate stability, and sustainable economic growth. The IMF provides loans and technical assistance to member countries, monitors economic developments in member countries, and provides policy advice to governments.

What Is the International Monetary Fund (IMF)