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WAEC Economics 2014 Question 39

Question 39

International Economic Organisations

Provision of short-term loans to solve balance of payments problems is done by the

  1. A.International Finance Corporation.
  2. B.International Monetary Fund.
  3. C.International Bank for Reconstruction and Development.
  4. D.African Development Bank.
Show the answer and explanation

Answer: B (International Monetary Fund.)

Explanation

The IMF gives short-term help to members with balance of payments difficulties.