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. To provide long-term loans to developing countries
B. To stabilize the currency and encourage economic growth in crisis-hit countries
C. To support foreign direct investments
D. To improve global stock market performance
A. It determines the level of financial assistance provided by the IMF
B. It is the system through which countries contribute financially and determine their voting power
C. It is used to set global trade tariffs
D. It regulates the interest rates of member countries’ banks
A. To set the global exchange rates for all currencies
B. To help maintain stable exchange rates through policy advice and surveillance
C. To regulate the foreign exchange markets directly
D. To create new global currencies
A. Euro
B. Gold
C. US Dollar
D. Special Drawing Rights (SDR)
A. Extended Credit Facility (ECF)
B. Structural Adjustment Programs (SAP)
C. Poverty Reduction and Growth Trust (PRGT)
D. International Monetary Cooperation Program (IMCP)
A. Gold reserves
B. The Special Drawing Rights (SDR) and member countries’ financial contributions
C. Loans provided to the private sector
D. Loans from other international organizations
A. To promote the use of international currencies for trade
B. To avoid a repeat of the Great Depression and to ensure a stable global monetary system
C. To regulate the oil markets
D. To establish international environmental policies
A. To monitor the economic policies of its member countries and provide guidance to maintain global economic stability
B. To act as a global law enforcement agency to enforce trade regulations
C. To collect taxes from international businesses
D. To promote international corporate mergers
A. Developing and low-income economies
B. Only high-income economies
C. Only European economies
D. Only economies facing trade deficits
A. Donations from non-governmental organizations (NGOs)
B. Member country financial contributions (quotas)
C. Investments in global stock markets
D. Revenue from issuing bonds
