Which of the Following Statements About the International Monetary Fund

question 162

Multiple Choice

Which of the following statements about the International Monetary Fund (IMF) is TRUE?

• A) The IMF was created to finance long-term economic development projects in poor countries.
• B) The IMF was created to reduce tariff barriers between nations.
• C) The IMF functions as a central bank that conducts monetary policy for the world economy.
• D) The IMF obtains funds from quota subscriptions charged to member countries.

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Definitions:

Operating Activity

Transactions and events that affect the net income of a company, related to its principal revenue-producing activities.