Which of the following functions are associated with the International Monetary Fund (IMF) and the World Bank?
1. The IMF provides short-term financial support to countries facing balance of payments issues.
2. The World Bank focuses on long-term economic development and poverty alleviation.
3. Both institutions offer conditional loans to member countries.
4. The IMF is primarily concerned with global monetary cooperation, while the World Bank concentrates on infrastructure projects.
1
Only 1 and 2 are correct
2
Only 3 and 4 are correct
3
All statements are correct
4
Only 1, 2, and 3 are correct
5
Question Not Attempted