Which of the following statements is true about International Monetary Fund (IMF)?On becoming its member, countries get finance as temporary balance-of-payment needs.It makes all the rules and regulations in relation to the World Trade between the nations (2024)

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A

It is an agency of the World Bank and is situated in Prague.

B

It provides Ways and Means Funds to member countries.

C

It makes all the rules and regulations in relation to the World Trade between the nations.

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International Monetary Fund

D

On becoming its member, countries get finance as temporary balance-of-payment needs.

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Solution

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IMF stands for International Monetary Fund. It is true that on becoming its member, countries get finance as temporary balance-of-payment needs. IMF works to ensure global market cooperation and financial stability of the global economyy.

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Which of the following statements is true about International Monetary Fund (IMF)?On becoming its member, countries get finance as temporary balance-of-payment needs.It makes all the rules and regulations in relation to the World Trade between the nations (2024)
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