ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The IMF and World Bank regulate the Global Financial System
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Yes, I understand this from the notes
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No, I don’t understand this from the notes
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No, I don’t understand this, as I have not read the notes
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None of the above
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Explanation:
Detailed explanation-1: -Their approaches to achieving this shared goal are complementary: the IMF focuses on macroeconomic and financial stability while the World Bank concentrates on long-term economic development and poverty reduction.
Detailed explanation-2: -The World Bank Group works with developing countries to reduce poverty and increase shared prosperity, while the International Monetary Fund serves to stabilize the international monetary system and acts as a monitor of the world’s currencies.
Detailed explanation-3: -Answer: The IMF and the World Bank were designed to meet the financial requirements of industrial countries. They were known as the Bretton Woods Twins.
There is 1 question to complete.