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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Definitions:

Contingency Thinking

A management approach that emphasizes the need for flexibility and adaptation to changing circumstances.

Contemporary Organizations

Modern entities characterized by their adaptive strategies, innovative approaches, and often a flat or network-based structure.

Minorities

Groups in a society that are smaller in number and often have less power or representation compared to the majority group.

U.S. Population

The total number of people living in the United States, a figure that changes due to birth rates, death rates, and immigration.