What is the IMF’s basic function?
- To improve the living standards of people in the developing world.
- To advise nations on how to establish sound political policies.
- To provide a means for the exchange of currencies among different nations.
- To fight poverty in all nations.
Answer is choice #3 To provide a means for the exchange of currencies among different nations. (The primary purpose of IMF is; working to keep the international monetary system relatively stable.)
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