Question

Why was International Monetary
Fund created ?
(A) To buttress the dilapidated
status quo of the international
economic order.
(B) To destroy the economy of
some nations.
(C) To increase the economy of
some nations.
* (D) To ensure stability of exchange
rates and eliminate restrictions
on current payments.​

Answer 1

Answer:

International Monetary Fund (IMF), United Nations (UN) specialized agency, founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity (access to hard currencies).