Which of the following is not a purpose of the International Monetary Fund?
A) Encourage development of a system for international payments
B) Promote social programs in nations suffering from negative trade balances
C) Encourage members to cooperate on international monetary issues
D) Promote the stability of exchange rates
E) Provide temporary short term loans to member countries

Question

Quizplus · Accepted Answer

The International Monetary Fund's main purpose is to promote international monetary cooperation, exchange rate stability, and facilitate international trade by providing financial assistance to member countries in need. It does not specifically promote social programs in nations suffering from negative trade balances.

Which of the Following Is Not a Purpose of the International