All of the following are purposes of the International Monetary Fund (IMF) EXCEPT:
A)To promote international monetary cooperation through a permanent institution.
B)To facilitate the expansion and balanced growth of international trade.
C)To develop a world currency by 2010.
D)To promote exchange stability.
E)To give confidence to members by making the general resources of the fund temporarily available to them under adequate safeguards.

Question

Quizplus · Accepted Answer

The International Monetary Fund (IMF) does not aim to develop a world currency by any specific date. Its main goals include promoting international monetary cooperation, facilitating international trade, promoting exchange stability, and providing financial resources to member countries in need, under certain conditions.

All of the Following Are Purposes of the International Monetary