According to the Par Value System, Every Member of the IMF

question 53

Multiple Choice

According to the par value system, every member of the IMF, on joining the Fund, ________.

• A) had to implement the U.S. dollar as its international reserve currency
• B) had to adopt the gold exchange rate system of monetary exchange
• C) had to declare a value at which its currency could be converted into gold
• D) had to define the value of their currency by any criteria except gold

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A condition characterized by an individual's persistent belief in their lack of worth and capabilities.

Intrinsic Motivated

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