WAEC Economics 2023 Objective — Question 49
Question 49 of 50 from the West African Examinations Council (WAEC) 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
One of the major functions of the IMF is to assist member countries to mitigate against their temporary balance of payments deficiencies.
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