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WAEC Economics 2016 Question 50

Question 50

International Economic Organisations

Which of the following international organizations is concerned with the stabilization of the balance of payments? The

  1. A.International Monetary Fund (IMF)
  2. B.World Bank (IBRD)
  3. C.United Nations Organization (UNO)
  4. D.Economic Commission for Africa (ECA)
Show the answer and explanation

Answer: A (International Monetary Fund (IMF))

Explanation

The IMF helps members with balance of payments problems.