Q79
At present the role of IMF in the exchange rate policies of its members is to
A.
prohibit floating rate
B.
have surveillance and express opinion on policies
AnswerC.
restrict the exchange fluctuations within a band
D.
prohibit fixed rate
Answer: Option B
Solution
Answer: Option B
Solution:
At present the role of IMF in the exchange rate policies of its members is to have surveillance and express opinion on policies. The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.