Prepare for the Management and Organizational Behavior Exam. Test your knowledge with flashcards and multiple-choice questions complete with explanations. Ace your exam with confidence!

Multiple Choice

The organization of 190 member countries that promotes international monetary cooperation and provides advice, temporary loans, and technical assistance to establish and maintain financial stability is called what?

This is the International Monetary Fund. It brings almost every country together to promote international monetary cooperation, monitor global economic and financial developments, and assist countries facing balance-of-payments problems with policy advice, technical assistance, and short-term loans to restore financial stability. This combination of guiding exchange-rate and monetary policy, providing temporary financial support, and building economic capacity is what defines the IMF. The World Bank focuses on long-term development loans, the OECD is a club of mostly advanced economies for policy guidance, and the WTO governs international trade rules, not the lending and stabilization role described here.

This is the International Monetary Fund. It brings almost every country together to promote international monetary cooperation, monitor global economic and financial developments, and assist countries facing balance-of-payments problems with policy advice, technical assistance, and short-term loans to restore financial stability. This combination of guiding exchange-rate and monetary policy, providing temporary financial support, and building economic capacity is what defines the IMF. The World Bank focuses on long-term development loans, the OECD is a club of mostly advanced economies for policy guidance, and the WTO governs international trade rules, not the lending and stabilization role described here.