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WAEC Economics 2023 Question 49

Question 49

International Economic Organisations

Assisting members to solve temporary balance of payments problems is the reason for the establishment of the

  1. A.World Bank.
  2. B.International Monetary Fund.
  3. C.African Development Bank.
  4. D.Economic Commission for Africa.
Show the answer and explanation

Answer: B (International Monetary Fund.)

Explanation

The IMF helps members with temporary balance of payments problems.