Of the following,which is NOT true about the IMF and World Bank?
A) They were established in 1890.
B) Their purposes are to promote international monetary stability and international trade.
C) The IMF provides short-term loans to countries in financial crises.
D) More than 180 countries participate as members of the IMF.
E) The World Bank focuses upon long-term loans to developing countries seeking financing for economic reform purposes intended to raise the standard of living.
Correct Answer:
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