The official mandate of the IMF includes : A. To promote international monetary cooperation. B. To promote exchange stability. C. To eliminate foreign exchange restrictions. D. To provide long-term l…

Question

The official mandate of the IMF includes : A. To promote international monetary cooperation. B. To promote exchange stability. C. To eliminate foreign exchange restrictions. D. To provide long-term loans for the projects. E. To facilitate the expansion and balanced growth of international trade.

PYQPulse · Accepted Answer

A, B, C & E only

PYQPulse · Answer

Explanation: The IMF's mandate includes promoting international monetary cooperation, exchange stability, eliminating foreign exchange restrictions, and facilitating balanced growth of international trade. It does NOT provide long-term project loans (that's the World Bank's role). Correct: A, B, C & E. Answer: (2).

The official mandate of the IMF includes : A. To promote international monetary cooperation. B. To promote exchange stability. C. To eliminate foreign exchange restrictions. D. To provide long-term loans for the projects. E. To facilitate the expansion and balanced growth of international trade.

Answer: B. A, B, C & E only

Explanation

The official mandate of the IMF includes : A. To promote international monetary cooperation. B. To promote exchange stability. C. To eliminate foreign exchange restrictions. D. To provide long-term loans for the projects. E. To facilitate the expansion and balanced growth of international trade.

Answer: B. A, B, C & E only

Explanation