Which of the Following Is True of the International Monetary

question 60

Multiple Choice

Which of the following is true of the International Monetary Fund?

• A) It provides heavily subsidized loans to poor governments in an effort to help them build infrastructure such as roads, the private sector, and public utilities.
• B) It ensures that international trade runs freely and fairly between countries and that member nations impose the minimal number of restrictions on each other.
• C) It audits national trade policies, oversees trade agreements, and helps developing countries create trade policy.
• D) It is often considered a "lender of last resort" to nations whose economies are in trouble and whose currencies are losing value.

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Definitions:

Iron Law of Responsibility

The principle that businesses and organizations must act in a socially responsible way to maintain their societal legitimacy and ensure long-term success.

Socioeconomic

Relating to or concerned with the interaction of social and economic factors, often used to describe the social standing or class of an individual or group.

Neo-capitalist

A term referring to the modern or new form of capitalism that includes a mix of traditional capitalist principles and innovative practices or policies.

Socially Responsible Organizations

Organizations that operate in a manner that enhances society and the environment, beyond the interests of the company and legal requirements.