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. A process to offer loans to low-income countries
B. A policy used to assess the economic health and stability of a country
C. A review mechanism for trade agreements
D. A process for organizing global summits
A. They often require countries to increase military spending
B. They enforce austerity measures that may harm social welfare
C. They require countries to cut all trade tariffs
D. They only provide loans for energy projects
A. China
B. India
C. United States
D. Germany
A. One country, one vote
B. Majority voting based on regional blocs
C. Voting power based on financial contributions
D. Random selection of votes
A. To issue loans to private businesses
B. To monitor the global stock market
C. To oversee the daily operations of the IMF and its activities
D. To regulate international interest rates
A. Monthly
B. Quarterly
C. Annually
D. Every two years
A. Gold purchases
B. As a reserve asset and a means of payment between countries
C. To settle international trade debts
D. To pay for UN peacekeeping missions
A. Reducing international trade tariffs
B. Cutting social and welfare spending
C. Implementing economic reforms and policy changes
D. Increasing military spending
A. Providing financial assistance to countries in need
B. Offering loans to businesses for international expansion
C. Monitoring global economic developments
D. Providing technical assistance to member countries
A. To provide loans for military development
B. To promote international trade only
C. To promote global monetary cooperation, ensure financial stability, and help countries in need
D. To manage the global stock markets
