WAEC Economics 2016 Objective — Question 50
Question 50 of 50 from the West African Examinations Council (WAEC) Economics 2016 Objective paper, with the correct answer and a full explanation.
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50. Which of the following international organizations is concerned with the stabilization of the balance of payments? The (a) International Monetary Fund (IMF) (b) World bank (IBRD) (c) United Nations Organisation (UNO) (d) Economic Commission for Africa (ECA)
- A. International Monetary Fund (IMF)Correct
- B. World bank (IBRD)
- C. United Nations Organisation (UNO)
- D. Economic Commission for Africa (ECA)
Explanation
One of the functions of IMF is to help finance balance of payments problems.
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