Question 39
International Economic OrganisationsThe International Monetary Fund (IMF) is an international organization which
- A.gives annual grants to all developing countries
- B.assists countries to solve their balance of payments problems
- C.execute their development projects
- D.helps to promote regional economic groupings
- E.is owned by all developed countries
Show the answer and explanation
Answer: B (assists countries to solve their balance of payments problems)
Explanation
The IMF lends to member countries with balance of payments difficulties.