The IMF deals with external ____ and deficits.

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Detailed Solution

The IMF deals with external surpluses and deficits.
The IMF, also termed the International Monetary Fund or the Bretton Woods institution, is an organization that deals with the external surpluses and deficits of its member nations. The international monetary fund (IMF) functions to stabilise the international monetary system, and the world bank was created to reduce poverty and increase shared prosperity by working with developing countries. It was established at the financial conference held in 1944 to ensure the economy's stability and to bring orderly development to the world economy in the post-World War II era. The Bretton Woods system worked according to the fixed exchange rate. All these arrangements were made after World War II because they caused immense economic devastation and social disruption.

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