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

Q. Which among the following is not a function of International Monetary Fund?

1. It serves a medium term and long term credit institution’
2. It provides a mechanism for improving short term balance of payments position’
3. It provides machinery for international consultations’
4. It provides reservoir of the currencies of the member countries and enables members to borrow one another’s currency’

Answer: It serves a medium term and long term credit institution’