The International Monetary Fund serves each of the following purposes EXCEPT ________.
A)promoting international monetary cooperation
B)facilitating balanced growth of international trade
C)encouraging competitive exchange devaluation
D)making financial resources temporarily available to members

Question

Quizplus · Accepted Answer

The IMF does not encourage competitive exchange devaluation. In fact, it discourages it and promotes stable exchange rates as part of its goal to promote international monetary cooperation and facilitate balanced growth of international trade. The IMF also provides financial resources to member countries in need, but these resources are only temporary and are intended to help countries overcome economic difficulties.

The International Monetary Fund Serves Each of the Following Purposes