IMF, WBb,

Question 1

IMF: Type

Answer 1

Intergovernmental Organization

Question 2

IMF: Date of Establishment

Answer 2

1947

Question 3

IMF: Established Where

Answer 3

Washington DC

Question 4

IMF: Members

Answer 4

186 States

Question 5

IMF was created as part of

Answer 5

1944 Bretton Woods Agreement

Question 6

charged with overseeing the international
monetary system to ensure exchange rate
stability and encouraging members to
eliminate restrictions on trade and
currency exchange

Answer 6

IMF

Question 7

the price at which one currency is
exchanged for another

Answer 7

Exchange rate

Question 8

a payments system in which
currencies are valued in terms of a
currency that is itself on the ‘gold
standard’ (its currency can be exchanged
for gold)

Answer 8

Gold exchange standard

Question 9

the reduction in the official rate at
which one currency is exchanged for
another

Answer 9

Devaluation

Question 10

Bretton Woods system collapsed in

Answer 10

1971

Question 11

IMF’s role switched to helping countries deal with the
consequences of

Answer 11

floating exchange rates and the oil
crises of 1973 and 1979.