Question

Which of the following statements is false?
a. The IMF has over 180 member nations.
b. The IMF and the World Bank are considered special agencies of the UN.
c. The IMF and the World Bank focus their efforts on promoting world trade.
d. The Bretton Woods Conference is the commonly used name for the conference that created the IMF and the World Bank.

Answer 1

The answer to the question presented above would be letter c. The IMF and the World Bank focus their efforts on promoting world trade. Both agencies focus on the development, economic self-sufficiency, and the currency problems of developing countries. It does not directly focus on promoting world trade.

Answer 2

The correct answer is C on E2020