Which bank includes main goals of promoting exchange rate stability and assisting in establishing a multilateral system of payments?
A) The Export-Import Bank of the United States
B) The Asian Development Bank
C) The International Monetary Fund
D) The Inter-American Development Bank
E) The Multilateral Development Bank

Question

Quizplus · Accepted Answer

The International Monetary Fund (IMF) includes both of these goals in its Articles of Agreement. The IMF was created in 1944 to promote international monetary cooperation, facilitate international trade, promote exchange rate stability, and assist member countries in maintaining balance of payments equilibrium. It also aims to help establish a multilateral system of payments and provide resources to member countries experiencing balance of payments difficulties.

Which Bank Includes Main Goals of Promoting Exchange Rate Stability