Which of the following serves as a lender of last resort to assist cou
QUESTION
Which of the following serves as a lender of last resort to assist countries experiencing unfavorable balance of payments?
A) the World Bank
B) the Mercosur
C) the International Monetary Fund
D) the World Trade Organization
E) the Common Market
ANSWER
Answer: C
Explanation: C) The IMF was established in 1945 to assist in smoothing the flow of money between nations.
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