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Which of the following is not the function of IMF?
It functions as a long term credit institution.
It functions as a short term credit institution.
It is a reservoir of the currencies of all the member nations.
It grants loan for financing current transactions.
The IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund's mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.
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