Of the Following,which Is NOT True About the IMF and World

question 42

Multiple Choice

Of the following,which is NOT true about the IMF and World Bank?

• A) They were established in 1890.
• B) Their purposes are to promote international monetary stability and international trade.
• C) The IMF provides short-term loans to countries in financial crises.
• D) More than 180 countries participate as members of the IMF.
• E) The World Bank focuses upon long-term loans to developing countries seeking financing for economic reform purposes intended to raise the standard of living.

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Definitions:

Disappearing

The act of vanishing or becoming invisible or nonexistent.

Serial Monogamy

Individuals marry several people, but one at a time.

Cohabits

Describes a living arrangement in which two people, not married to each other, live together in an intimate relationship, often in the same household.

Lifetime

The duration of a person's existence from birth to death.