During the 1990s,the importance of the International Monetary Fund increased due to
A)the United States choosing to join in 1989.
B)its success in producing massive economic growth in China.
C)the United States' victory in the Persian Gulf War.
D)its efforts to reform communist countries and bring them more fully into the
Global capitalist economy.

Question

Quizplus · Accepted Answer

During the 1990s, the International Monetary Fund played a significant role in assisting former communist countries in transitioning to a more capitalist economy. This increased the importance of the IMF as it helped to bring these countries more fully into the global economy. Additionally, the IMF provided financial assistance to countries experiencing economic crises, further increasing its importance during this decade. The other options (A, B, and C) are not accurate reasons for the increased importance of the IMF during the 1990s.

During the 1990s,the Importance of the International Monetary Fund Increased