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World Organisations Objective Questions and Answers for Competitive Exams

Q.

Which one of the following is not a function of International Monetary Fund?

[A] It provides short term credit to its members
[B] It arranges for conversion of currencies
[C] It secures stability in the rates of foreign exchange
[D] It can create new money for stabilizing exchange rate

Answer & Explanation

Answer: Option [D]

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