Multiple choice

Which of the following is/are the aim(s) of International Monetary Fund?

  1. To promote international monetary co-operation.
  2. Expansion of international trade and ensuring exchange rate stability.
  3. To assist in the removal of exchange restrictions and establishment of a multilateral system of payment.

  1. Only 2

  2. Only 2 & 3

  3. Only 1

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The main aims of International Monetary Fund are to promote international monetary co-operation, expansion of international trade and ensuring exchange rate stability and to assist in the removal of exchange restrictions and establishment of a multilateral system of payment. International Monetary Fund (IMF) is an international organization that was created on July 22, 1944 at the Bretton Woods Conference and came into existence on December 27, 1945 when 29 countries signed the Articles of Agreement.

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