Question

For the purposes of the International Monetary Fund, the IMF monitors the evolution and measures of economic and financial policy, in member countries and in the world, according to its Articles of Agreement, which includes:
Select one:
a. promoting the expansion and growth of world trade
b. a stability of exchange rates
c. the avoidance of competitive currency devaluations
d. the orderly correction of a country's balance of payments problems
e.. all of the above
F. the b and the c
g. None of the above

Answer 1

IMF has clearly listed shown its purpose on the IMF website where in we can see the purposes clearly:

a, IMF facilitates the expansion and balance of international trade which is explained in purposed (ii)- Hence option A is true

b. IMF will promote currency exchange stability which is explained in purposes (iii) - Hence option B is true

c. IMF will hellpmultilateral system of payments and remove the currency difference which is explained in purposes (iv) - hence option C is true

d.IMF helps maintain Balance of Payments which is explained in purposes (v) - Hence opin d is also true

Hence, the answer is all of the above which is point E.

You may please refer puposes on the IMF webiste to get a greater clarity on IMF objectives.