Easy
1 point
ID: #6499
Question
Which of the following is true about the International Monetary Fund?
Options
1
It can lend money to the State Government of a country
Correct Answer
2
It can lend money to the member countries only
Correct Answer
3
It is an agency of United Nations
Correct Answer
4
It can lend money to any country in the world
Correct Answer
Explanation
The IMF acts as a lender to member countries (not private states or any country). It helps correct balance of payment problems.