Question

Why was International Monetary Fund established?

A

To maintain peace and security to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity.

B

 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity.

C

To implement trade agreements

D

To take decision regarding misery and poverty of western countries

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And now we give you the correct answer:

Approved answer

Correct option is B)

International Monetary Fund (IMF), United Nations (UN) specialized agency, founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity (access to hard currencies).

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