12 Questions
What is the primary mission of the IMF?
To facilitate international trade and promote sustainable economic growth
When was the IMF founded?
December 27, 1945 at the Bretton Woods Conference
How many member countries did the IMF start with?
29 member countries
What was the primary purpose of the Bretton Woods Conference?
To establish the International Bank for Reconstruction and Development (IBRD) and the International Monetary Fund (IMF)
What was the Bretton Woods system for?
International commercial and financial relations
Which two individuals were primarily responsible for the ideas behind the establishment of the IMF?
Harry Dexter White and John Maynard Keynes
What was the key characteristic of the Bretton Woods system?
Guaranteeing convertibility of currencies into gold
What led to the end of the Bretton Woods system?
Suspension of dollar convertibility to gold by the U.S.
Which factor was NOT mentioned by Barry Eichengreen as a reason for the successful operation of the Bretton Woods system?
Overvalued U.S. dollar
What type of currency did the U.S. dollar become after the end of Bretton Woods?
Fiat currency
Who is the current managing director of the IMF?
Kristalina Georgieva
Where are the headquarters of the IMF located?
Washington, D.C.
Learn about the International Monetary Fund (IMF), a major financial agency of the United Nations. Understand its role as a global lender of last resort and its mission to foster global monetary cooperation and financial stability.
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