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Why Was the International Monetary Fund (IMF) Formed? How Does

question 33

Essay

Why was the International Monetary Fund (IMF) formed? How does the IMF deal with universally floating rates?


Definitions:

American Republic

A form of government in the United States characterized by a system of democracy with elected representatives, a president, and a separation of powers.

National Government

The government of a nation-state, responsible for administering and governing a country's affairs.

Legislature

A governmental body primarily responsible for enacting laws, consisting of elected representatives.

Rules Committee

A committee within a legislative body responsible for determining the terms and conditions under which legislation will be considered, including debating time and amendment allowance.

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