Which of the following statements about International Monetary Fund (IMF) are correct?
1. The IMF is a United Nations specialised agency.
2. The IMF was founded at the Bretton Woods Conference in 1994 to secure international monetary cooperation.
3. Chinese Yuan is included in SDR Basket.
Select the correct answer using the codes given.
Which of the following statements about International Monetary Fund (IMF) are correct?
1. The IMF is a United Nations specialised agency.
2. The IMF was founded at the Bretton Woods Conference in 1994 to secure international monetary cooperation.
3. Chinese Yuan is included in SDR Basket.
Select the correct answer using the codes given.
The correct option is A 1,2 and 3
Created in 1945, 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. It was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944. The Special Drawing Rights (SDR) is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. The currency value of the SDR is determined by summing the values in U.S. dollars, based on market exchange rates, of a basket of major currencies (the U.S. dollar, Euro, Japanese yen, pound sterling and the Chinese renminbi).
Created in 1945, 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. It was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944. The Special Drawing Rights (SDR) is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. The currency value of the SDR is determined by summing the values in U.S. dollars, based on market exchange rates, of a basket of major currencies (the U.S. dollar, Euro, Japanese yen, pound sterling and the Chinese renminbi).
