Which of the following institutions helps govern the international monetary system? Select one: a. IMF b. UN c. PPP d. WTO
Question
Which of the following institutions helps govern the international monetary system?
Select one:
- a. IMF
- b. UN
- c. PPP
- d. WTO
Solution
To determine which institution helps govern the international monetary system among the options provided, let's analyze each choice:
-
IMF (International Monetary Fund): The IMF plays a crucial role in the international monetary system by promoting global financial stability, providing monetary cooperation, and facilitating international trade. It offers financial assistance and support to its member countries, helping them maintain stability and manage balance of payments issues.
-
UN (United Nations): While the UN addresses various global issues, it does not specifically govern the international monetary system. Its focus is broader, dealing with peace, security, and human rights.
-
PPP (Purchasing Power Parity): This is an economic theory used to compare the relative value of currencies, but it is not an institution. Therefore, it does not govern the international monetary system.
-
WTO (World Trade Organization): The WTO deals with international trade agreements and disputes, but it does not focus on the monetary system itself.
Final Answer
The institution that helps govern the international monetary system is a. IMF (International Monetary Fund).
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