Author Question: The International Monetary Fund (IMF) exists to promote international economic cooperation and ... (Read 98 times)

acc299 · **on:** Jul 14, 2018

The International Monetary Fund (IMF) exists to promote international economic cooperation and stable growth. Describe how the IMF accomplishes this.

Question 2

A(n) ____ will, for a commission or fee, arrange the sale of a company's products to foreign intermediaries.
A) export-import merchant
B) international bank
C) joint venture
D) export-import agent
E) trading broker

angrybirds13579 · **Reply #1 on:** Jul 14, 2018

Answer to Question 1

Like the World Bank, the International Monetary Fund, or IMF, is an international organization accountable to the governments of its 188 member nations. The basic mission of the IMF is to promote international economic cooperation and stable growth. The IMF is criticized for encouraging countries to borrow more than they can possibly repay, thereby destabilizing their economies further.
To achieve its goals, the IMF:

supports stable exchange rates
facilitates a smooth system of international payments
encourages member nations to adopt sound economic policies
promotes international trade
lends money to member nations to address economic problems

Answer to Question 2

D