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WAEC Economics 2021 Question 48

Question 48

International Economic Organisations

Balance of payments and trade problems that arose after the world wars were resolved by the

  1. A.International Bank for Reconstruction and Development.
  2. B.International Monetary Fund.
  3. C.African Development Bank.
  4. D.Organization of Petroleum Exporting Countries.
Show the answer and explanation

Answer: B (International Monetary Fund.)

Explanation

The IMF was set up to deal with balance of payments and exchange problems; the IBRD financed reconstruction.