The International Monetary Fund -IMF is an international financial institution that was established in 1944 to promote global economic stability and growth. The IMF’s primary functions include overseeing the global monetary system, providing financial assistance to member countries in need, and offering policy advice and technical assistance to support economic development.
A. It supports free-market economic policies without any regulations
B. It works towards promoting stable global economic growth, financial stability, and poverty reduction
C. It discourages investment in developing economies
D. It enforces restrictions on all international trade
A. An agreement to regulate the trade of minerals globally
B. A meeting to set fixed exchange rates and to establish international institutions like the IMF and World Bank
C. An agreement to manage the global military budget
D. A trade agreement between the European Union and the United States
A. To manage the world’s currencies directly
B. To monitor the economic policies of member countries and provide recommendations
C. To enforce global trade tariffs
D. To control global commodity prices
A. Extended Fund Facility (EFF)
B. Short-Term Lending Facility (STLF)
C. Structural Adjustment Loans (SAL)
D. World Economic Development Loan (WEDL)
A. By directly managing the country’s economy
B. By offering technical assistance and financial support in exchange for economic reforms
C. By providing loans to private companies in the country
D. By creating international laws for better trade agreements
A. Gold
B. SDR (Special Drawing Rights)
C. US Dollar
D. Euro
A. Monthly economic forecasts
B. Annual Article IV consultations
C. Quarterly economic reports
D. Biannual meetings with world leaders
A. Aiding other countries in international conflicts
B. Liberalizing trade and eliminating protectionist policies
C. Avoiding restrictions on international payments and transfers
D. Refraining from establishing monopolies in the financial sector
A. World Bank’s lending program
B. Special Drawing Rights (SDRs)
C. The IMF’s Stand-By Arrangements (SBAs)
D. The IMF’s Poverty Reduction and Growth Trust (PRGT)
