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IMF was established to meet which of the following objectives?
(A) Promoting International Monetary Cooperation
(B) Expanding International trade
(C) Lessening the disequilibrium in balance of trade
(D) Avoiding competitive exchange depreciation
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- (A), (B) and (C)
- (A), (C) and (D)
- (B) and (D)
- (A), (B), (C) and (D)
Correct Option: A
The IMF works to foster global growth and economic stability. It provides policy advice and financing to members in economic difficulties and also works with developing nations to help them achieve macroeconomic stability and reduce poverty. Its two primary functions were: to oversee the fixed exchange rate arrangements between countries, thus helping national governments manage their exchange rates and allowing these governments to prioritize economic growth, and to provide short-term capital to aid balance-of-payments.