The main function of the IMF is: Act as a private-sector lending arm of the World Bank Halp resolve balance of payments problems of member countries. Arrange international deposits from banks Finance investment to developing countries.

The main function of the IMF is: Act as a private-sector lending arm of the World Bank Halp resolve balance of payments problems of member countries. Arrange international deposits from banks Finance investment to developing countries.

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter3: International Financial Markets

Section: Chapter Questions

Problem 1QA

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Concept explainers

Currency Market

The currency market, also known as the foreign exchange market, consists of currencies worldwide. This market determines the rate of all currencies based on the buying and selling of forex. It is an over-the-counter market. It is the largest and most liquid market based on trade volume.

Question

The main function of the IMF is:

		Act as a private-sector lending arm of the World Bank
		Halp resolve balance of payments problems of member countries.
		Arrange international deposits from banks
		Finance investment to developing countries.

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