The IMF Was Particularly Important When It Was First Created

question 67

Short Answer

The IMF was particularly important when it was first created because it helped stabilize the world's economic system following ______ ______ ______.

---

Definitions:

Nominal Account

A temporary account that records transactions related to expenses, revenues, gains, and losses during an accounting period.

Zero Account

A banking or accounting term referring to an account that has a balance of zero, meaning it has no funds.

Depreciation Expense

An accounting method to allocate the cost of a tangible asset over its useful life.

Permanent Account

A ledger that remains open when an accounting cycle ends, with its balances being transferred to the following period.