The European Union Central Fund (EUCP)has replaced that of the International Monetary Fund (IMF).

Question

Quizplus · Accepted Answer

This statement is false. The European Union Central Fund (EUCP) is not a replacement for the International Monetary Fund (IMF). The EUCP is a proposed instrument to provide financial assistance to EU Member States facing economic difficulties, while the IMF is a global organization that provides economic advice, loans, and technical assistance to member countries.

The European Union Central Fund (EUCP)has Replaced That of the International