Question

what is the global system of exchange rates and international payments that enables countries and their citizens to buy goods and services from each other?
o a. the world bank
o b. the multilateral investment guarantee agency (miga)
o c. the international monetary system (imf)
o d. the international development association (ida)

Explanation:

The International Monetary System (IMF) deals with exchange - rate arrangements and international payments, facilitating cross - border trade of goods and services. The World Bank focuses on development projects, MIGA on investment guarantees, and IDA on providing concessional loans to poor countries.

Answer:

C. the International Monetary System (IMF)