_________________________ was created to promote world trade through monitoring and maintaining fixed exchange rates and by making loans to countries with payments problems.

Question

Quizplus · Accepted Answer

The International Monetary Fund was created in 1944 to promote world trade through monitoring and maintaining fixed exchange rates and by making loans to countries with payments problems. The World Bank (A) focuses on funding development projects in developing countries, while the International Bank for Reconstruction and Development (C) is a subsidiary of the World Bank that specifically provides loans for reconstruction and development projects. None of the above (D) is not the correct choice as the question asks for a specific organization.

_________________________ Was Created to Promote World Trade Through Monitoring and Maintaining