Question

What was the role of the IMF in the wake of the financial crisis of 2007?

a.

Overseeing military alliances

b.

Implementing fixed exchange rates

c.

Regulating banks and financial institutions

d.

Maintaining economic cooperation

Answer: (c).Regulating banks and financial institutions Explanation:In the wake of the financial crisis of 2007, the role of the IMF shifted to better regulate banks and other financial institutions.

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Q. What was the role of the IMF in the wake of the financial crisis of 2007?

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