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Provision of short-term loans to solve balance of payments problems is done by the

Economics
WAEC 2014

Provision of short-term loans to solve balance of payments problems is done by the

  • A. International Finance Corporation
  • B. International Monetary Fund
  • C. Iternational Bank for Reconstruction and Development
  • D. African Development Bank
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Correct Answer: Option B
Explanation

It strives to ensure the international monetary system's stability. The IMF functions in three main areas: overseeing the economies of member countries, lending to countries with balance of payments issues and offering technical assistance to its member countries.


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