Which of the following is false concerning the International Monetary Fund?
A) It has more than 150 member nations.
B) It makes short-term loans to developing countries.
C) Its loans are primarily to fund international trade.
D) Its loans to developing countries are interest free.
E) It is an international bank.

Question

Quizplus · Accepted Answer

The statement that the IMF's loans to developing countries are interest free is false. The IMF does charge interest on its loans, although the interest rates are typically lower than those charged by commercial banks.

Which of the Following Is False Concerning the International Monetary