In the 1950s most borrowing from the IMF was done by _____ countries.
A) low-income
B) middle-income
C) high-income
D) smaller
E) Asian

Question

Quizplus · Accepted Answer

In the 1950s, most borrowing from the IMF was done by high-income countries. This was primarily because the IMF was established to ensure the stability of the international monetary system, and at that time, high-income countries were more integrated into this system and thus more likely to need and qualify for IMF resources.

In the 1950s Most Borrowing from the IMF Was Done