The IMF's original function was to provide a pool of money from which members could borrow in the short term.

Question

Quizplus · Accepted Answer

This statement is true. The International Monetary Fund (IMF) was created in 1944 to promote international monetary cooperation, facilitate international trade, and promote overall economic stability by providing a pool of money (known as the "IMF's resources") from which member countries could borrow in the short term to address balance of payments problems.

The IMF's Original Function Was to Provide a Pool of Money