Balance of payments and trade problems that arose after the world wars were resolved by...

Economics

WAEC 2025

Balance of payments and trade problems that arose after the world wars were resolved by the

A. International Monetary Fund
B. African Development Bank
C. Organization of Petroleum Exporting Countries
D. International Bank for Reconstruction and Development

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Correct Answer: Option A

Explanation

The International Monetary Fund (IMF) was created in 1944 to help manage and stabilize the global monetary system,
particularly in the aftermath of World War II. It provides financial assistance to countries facing balance of payments problems,
helping to stabilize international exchange rates and facilitate global trade.

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