The Explicit Mission of the IMF Is To

question 20

Multiple Choice

The explicit mission of the IMF is to:

• A)encourage foreign direct investment in developing countries.
• B)facilitate the expansion and balanced growth of world trade.
• C)act as the lender of last resort for world financial institutions.
• D)buy and sell currencies to control exchange rates around the world.

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Definitions:

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have foreseen or predicted the event — commonly known as the "I-knew-it-all-along" effect.

Exaggerate

To make something seem larger, more important, better, or worse than it really is.

Foreseen

Anticipated or predicted based on existing knowledge or evidence.

Outcome

The result or consequence of an action, process, or decision, which can be observed and measured.