Other Institutions
UPPCS
Which among the following is not a function of International Monetary Fund?
(A) It serves a medium term and long term credit institution
(B) It provides a mechanism for improving short term balance of payments position
(C) It provides Machinery for international consultations
(D) It provides a reservoir of the currencies to the member countries and enables members to borrow one another’s currency
Important Facts
- The IMF primarily addresses short-term balance of payments issues, not medium and long-term credit.
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