ECONOMICS
FOREIGN CURRENCY MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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World Bank
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International Bank for Reconstruction and Development
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International Development Association
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International Monetary Fund
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Detailed explanation-1: -The IMF monitors the international monetary system and global economic developments to identify risks and recommend policies for growth and financial stability. The Fund also undertakes a regular health check of the economic and financial policies of its 190 member countries.
Detailed explanation-2: -The IMF is an organization of 189 member countries that works to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
Detailed explanation-3: -The IMF’s primary objective is the overall promotion of world trade. The IMF meets its primary objective by overseeing the balance of payments, acting as a forum of world negotiation, and regulating world exchange rates.