What is the role of the International Monetary Fund?
A) To provide long-term loans to member countries
B) To provide a system of rules and procedures for member countries who trade with each other
C) To limit the amount of loans available to member nations who have negative trade balances
D) To encourage the development of a system for international payments
E) To determine the value of currency and exchange rates for member nations
Answer: D
Explanation: D) The IMF is a group of 150 nations that have combined resources to provide temporary, short-term loans to member countries, to encourage members to cooperate on international monetary issues, and to encourage the development of a system for international payments.
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