New Enroll in our GIC Finance Online Course Here!

    Register

    Question

     Which of the following statements is/are correct in

    regards to the IMF? 1.The IMF formally came into existence on 27 December 1945 2.189 countries are members of the IMF 3.Andorra is the last member of the IMF
    A 1 & 2 Correct Answer Incorrect Answer
    B 1 & 3 Correct Answer Incorrect Answer
    C 2 & 3 Correct Answer Incorrect Answer
    D All Correct Answer Incorrect Answer

    Solution

    The International Monetary Fund (IMF) is an organization of 190 countries. The IMF formally came into existence on 27 December 1945, when the first 29 countries ratified its Articles of Agreement. By the end of 1946 the IMF had grown to 39 members. Europe's country Andorra formally joined the International Monetary Fund (IMF) on 16th October, becoming the crisis lender's 190th member state.

    Practice Next

    Relevant for Exams: