Consider the following:1. Exchange rate regulation2. Purchasing short-term foreign currency liabilities of the member nations3. Allotting special drawing rights (SDRs) to the member nationsHow many of the above are the main functions of the International Monetary Fund (IMF)?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer?

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Consider the following:

1. Exchange rate regulation

2. Purchasing short-term foreign currency liabilities of the member nations

3. Allotting special drawing rights (SDRs) to the member nations

How many of the above are the main functions of the International Monetary Fund (IMF)?

a)
Only one
b)
Only two
c)
All three
d)
None

Correct answer is option 'C'. Can you explain this answer?

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Consider the following:1. Exchange rate regulation2. Purchasing short-...

The International Monetary Fund (IMF) came up in 1944, and its articles came into force on December 27, 1945, with the main functions as:

The exchange rate regulation.
Purchasing short-term foreign currency liabilities of the member nations from around the world,
Allotting special drawing rights (SDRs) to the member nations
The bailout for the member economies in the event of any BoP crisis.
To facilitate international monetary cooperation, To promote exchange rate stability and orderly exchange arrangements,
To assist in the establishment of a multilateral system of payments and the elimination of foreign exchange restrictions;
To assist member countries by temporarily providing financial resources to correct maladjustment in their balance of payments (BoPs).

Answered by Notes Wala · View profile

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Consider the following:1. Exchange rate regulation2. Purchasing short-term foreign currency liabilities of the member nations3. Allotting special drawing rights (SDRs) to the member nationsHow many of the above are the main functions of the International Monetary Fund (IMF)?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer?

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