Asked by

Nikhil Rakheja
on Nov 05, 2024

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Which agency lends money to countries to help them stabilize their exchange rates?

A) the International Monetary Fund
B) the World Bank
C) the Federal Reserve
D) the United Nations

International Monetary Fund

A global financial institution that provides financial assistance and advice to member countries, aiming to foster global monetary cooperation and financial stability.

Exchange Rates

The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another.

World Bank

An international banking institution dedicated to providing poorer countries' governments with the financial support needed for capital project development.

  • Elucidate the function of global and financial organizations in fostering economic growth.
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Trinity GauvreauNov 10, 2024
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