Regarding the International Monetary Fund, which one of the following statements is correct ? (a) It can grant loans to any country
Regarding the International Monetary Fund, which one of the following statements is correct ?
(a) It can grant loans to any country
(b) It can grant loans to only developed countries
(c) It grants loans to only member countries
(d) It can grant loans to the central bank of a country
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(c) IMF is an Inter-Governmental organization that overseas the global financing system by following macro-economic policies of its member countries (187), in particular those with an impact on exchange rate mechanism and balance of payment.
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