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WAEC Economics 2021 Objective — Question 48

Question 48 of 50 from the West African Examinations Council (WAEC) Economics 2021 Objective paper, with the correct answer and a full explanation.

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48. Balance of payments and trade problems that arose after the world wars were resolved by the

  • A. International Bank for Reconstruction and Development.
  • B. International Monetary Fund.Correct
  • C. African Development Bank.
  • D. Organization of Petroleum Exporting Countries.

Explanation

The IMF was established to help member countries address balance of payments difficulties, including those arising after the World Wars.

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