Which of the Following Was the Objective of Establishing the International

question 147

Multiple Choice

Which of the following was the objective of establishing the International Monetary Fund (IMF) ?

• A)Maintain order in the international monetary system
• B)Promote general economic development
• C)Provide loans to the World Bank
• D)Help finance the building of Europe's economy by providing low-interest loans

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Definitions:

Wage Disparity

The difference in wages between individuals or groups, often analyzed in the context of gender, ethnicity, occupation, or education level disparities.

Efficiency Wages

Wages set above the market equilibrium to increase worker productivity and efficiency.

Unemployment

Describes the situation where individuals who are capable of working and willing to work are unable to find employment.

Market Forces

The economic factors affecting the price, demand, and availability of goods and services in a free market, including competition, supply, and demand.