Answered

Part I: True or False Questions

Write "A" if the statement is true and "B" if it is false.

1. The International Monetary Fund (IMF) initially focused on less developed economies.



Answer :

GinnyAnswer

Final answer:

The IMF did not initially focus on less developed economies but on stabilizing international currency exchange.


Explanation:

False: The International Monetary Fund (IMF)'s initial focus was not on less developed economies, but on stabilizing international currency exchange.

In 2012, the IMF's mandate was modified to include economic and financial issues related to global stability.

Corrected Statement: The IMF's initial goal was to stabilize international currency exchange before its mandate was expanded to address broader economic and financial issues globally.


Learn more about International Monetary Fund goals and focus here:

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