4
QuizMultiple Choice

Financial Resources and Global Lending

Question 4 • GA-GSE World Geography B

Which of the following statements is false?

Answer
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.

Explanation

The IMF and World Bank have different main roles: the IMF promotes monetary and financial stability, while the World Bank focuses on development and reducing poverty. Although their work can support international trade, promoting world trade is not the main focus of both organizations. Therefore, the statement that they focus their efforts on promoting world trade is false.

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