Q 01/05

Which city became the IMF's home after a US Treasury secretary overruled plans to base it in New York?

A) Philadelphia

B) Chicago

C) Washington

D) Boston

Answer · why

C) Washington

Washington won because Fred Vinson feared a New York address would leave the IMF tarred in American eyes with the taint of international finance.

Q 02/05

Which economist led the British delegation at the Bretton Woods conference, where the IMF was designed?

A) John Maynard Keynes

B) John Kenneth Galbraith

C) Friedrich Hayek

D) William Beveridge

Answer · why

A) John Maynard Keynes

John Maynard Keynes pictured the IMF as a cooperative pool that members could draw on in a slump, but most of the rival American plan was adopted inst...

Q 03/05

Which sister institution of the IMF was created alongside it at Bretton Woods to finance postwar reconstruction?

A) Group of Ten

B) World Bank

C) Export-Import Bank

D) Federal Reserve

Answer · why

B) World Bank

The World Bank began as the International Bank for Reconstruction and Development, and a country must join the IMF before it can become a member.

Q 04/05

Which lawyer and former synchronised swimmer became the first woman to lead the IMF in 2011?

A) Janet Yellen

B) Ngozi Okonjo-Iweala

C) Ursula von der Leyen

D) Christine Lagarde

Answer · why

D) Christine Lagarde

Christine Lagarde swam on her national synchronised team as a teenager, and left the IMF in 2019 to become the first woman to run the eurozone's centr...

Q 05/05

In which country did millions of citizens hand in their gold in early 1998 to help repay an IMF bailout?

A) South Korea

B) Malaysia

C) Indonesia

D) Philippines

Answer · why

A) South Korea

South Korea's gold drive drew about 3.5 million people and gathered some 227 tons, worth over $2 billion, within a few months.