International Monetary Fund 2

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Practice Reading: Fill in the Blanks (Dropdown) ID: #49329 International Monetary Fund 2

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The International Monetary Fund (IMF) is an international financial organization made up of 190 member countries. Headquartered in Washington, D.C., the IMF works to global monetary cooperation, secure financial stability, facilitate fair international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. The IMF is both to and governed by its near-global membership of 190 countries. The Board of Governors is the highest decision-making body of the IMF. It consists of one governor and one alternate governor from each member country. The governor is by the member country and is usually the minister of finance or the head of the central bank. The day-to-day work of the IMF is overseen by its 24-member Executive Board, which the entire membership and is supported by IMF staff. The Managing Director is the head of the IMF staff and Chair of the Executive Board and is assisted by four Deputy Managing Directors. The primary functions of the IMF are lending, economic condition surveillance, and technical to member countries.

Result:

A.I. Explanation:

Correct answer: foster
Explanation: The word 'foster' fits grammatically as it is a verb that means to encourage or promote the development of something, which aligns perfectly with the context of the IMF's goals. The sentence structure requires a verb that indicates action, and 'foster' conveys the intended meaning of promoting global monetary cooperation.
Meaning: 'Foster' means to encourage or support the growth or development of something, in this case, global monetary cooperation.
Wrong options:
booster: 'Booster' is a noun that refers to something that increases or improves something else, but it does not fit grammatically as a verb in this context.
buster: 'Buster' is a noun that typically refers to something that breaks or destroys, which does not align with the positive action intended in the sentence.
molester: 'Molester' is a noun that refers to someone who harms or abuses, which is entirely inappropriate and contextually irrelevant in this context.
Correct answer: accountable
Explanation: The word 'accountable' is an adjective that describes the IMF's responsibility to its member countries. It fits grammatically as it describes the relationship between the IMF and its members, indicating that the IMF must answer to them for its actions.
Meaning: 'Accountable' means being responsible for one's actions and being required to explain them to others, in this case, the member countries of the IMF.
Wrong options:
adoptable: 'Adoptable' is an adjective that means capable of being adopted, which does not convey the necessary sense of responsibility in this context.
indisputable: 'Indisputable' is an adjective meaning undeniable or unquestionable, which does not fit the context of responsibility and governance.
hospitable: 'Hospitable' is an adjective that refers to being welcoming or friendly, which is not relevant to the governance and accountability of the IMF.
Correct answer: appointed
Explanation: The word 'appointed' is the correct verb form that indicates the action of officially assigning someone to a position. It fits grammatically as it describes the process by which the governor is selected by the member country, aligning with the formal context of governance.
Meaning: 'Appointed' means officially assigned to a position or role, in this case, the governor of the IMF is designated by the member country.
Wrong options:
unappointed: 'Unappointed' is not a standard term and implies a lack of appointment, which contradicts the context of official selection.
anointed: 'Anointed' typically refers to a ceremonial designation, often with religious connotations, which is not appropriate in this formal governance context.
disjointed: 'Disjointed' means lacking a coherent connection, which does not apply to the formal process of appointing a governor.
Correct answer: oversees
Explanation: The word 'oversees' is a verb that means to supervise or manage, which fits grammatically and contextually as it describes the role of the Executive Board in relation to the IMF's membership. It indicates an active role in governance and management.
Meaning: 'Oversees' means to supervise or manage, indicating that the Executive Board is responsible for the overall functioning of the IMF.
Wrong options:
devises: 'Devises' means to plan or invent, which does not fit the context of managing or supervising the membership.
promises: 'Promises' is a verb that indicates a commitment to do something, which does not align with the supervisory role described in the sentence.
foresees: 'Foresees' means to predict or anticipate, which does not match the context of actively managing the membership.
Correct answer: assistance
Explanation: The word 'assistance' is a noun that refers to help or support, which fits grammatically as it describes one of the primary functions of the IMF. It aligns with the context of providing support to member countries.
Meaning: 'Assistance' means help or support, particularly in a financial or technical context, which is a key function of the IMF.
Wrong options:
suppliance: 'Suppliance' is a less common term that refers to the act of supplying, which does not convey the intended meaning of help or support in this context.
immittance: 'Immittance' is a technical term related to electrical engineering and does not fit the context of economic support.
repugnance: 'Repugnance' means strong dislike or aversion, which is entirely contrary to the supportive role of the IMF.

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