GCE Economics 2023 Objective — Question 49
Question 49 of 50 from the General Certificate of Education (GCE) Economics 2023 Objective paper, with the correct answer and a full explanation.
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Assisting members to solve temporary balance of payments problems is the reason for the establishment of the A. World Bank B. International Monetary Fund C. African Development Bank D. Economic Commission for Africa
- A. World Bank
- B. International Monetary FundCorrect
- C. African Development Bank
- D. Economic Commission for Africa
Explanation
The International Monetary Fund (IMF) was established in 1944 primarily to assist member countries in resolving temporary balance of payments difficulties.
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