Economics WAEC

One of the functions of the International Monetary Fund (IMF) is to?

A. devalue the currency of member state
B. reduce drastically the size of deficit financing of member states
C. giving financial assistance to member states that have a temporary balance of payment difficulties
D. discourage the rapid industrialization process in the less developed nation of the world

Correct Answer: Option C

C. giving financial assistance to member states that have a temporary balance of payment difficulties

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