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If The Bahamas has challenges meeting payments, which organization can it go to for financial assistance?

A. International Monetary Fund (IMF)
B. World Health Organization (WHO)
C. United Nations (UN)
D. World Trade Organization (WTO)

1 Answer

3 votes

Final answer:

The Bahamas can seek financial assistance from the International Monetary Fund (IMF), which is a lender of last resort established to aid countries during financial crises. Option A is correct.

Step-by-step explanation:

If The Bahamas has challenges meeting payments, it can go to the International Monetary Fund (IMF) for financial assistance. The IMF is known as a lender of last resort and provides a pool of monetary resources that countries can access when they face financial difficulties. At the end of World War II, the Bretton Woods Conference established the IMF, among other institutions, to promote international economic cooperation and stability. Although another institution, the International Trade Organization (ITO), was proposed at the conference, it was never created.

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