The United Nations operates a world central bank that provides a world monetary unit to accommodate commerce across national boundaries.

Question

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The United Nations does not operate a world central bank that provides a world monetary unit. While the UN has some economic functions through its various agencies, it does not have the authority or mechanism to provide a global currency. The International Monetary Fund (IMF) is an international organization that works to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. However, the IMF does not provide a global currency either, but rather promotes cooperation among national currencies through exchange rate policies and lending programs.

The United Nations Operates a World Central Bank That Provides