Which of the Following Changes Were Made to IMF's Articles

question 65

Multiple Choice

Which of the following changes were made to IMF's Articles of Agreement in the Jamaica agreement?

• A) IMF members were permitted to use Dollar as the convertible currency.
• B) Gold was declared as a formal reserve asset for IMF members.
• C) IMF members were permitted to sell their gold reserves at the market price.
• D) IMF members were restricted from entering the foreign exchange market.

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Definitions:

Crowdfunding

The method of financing a project or business through the collection of minor contributions from a wide base of individuals, mainly through online platforms.

SEC

The Securities and Exchange Commission (SEC) is a U.S. federal agency that oversees and regulates the securities market, protecting investors, maintaining fair, orderly, and efficient markets.

Brick-and-Mortar

Refers to businesses that have physical stores or offices in buildings, as opposed to or in addition to, online or virtual presence.

Compliance

The act of adhering to rules, standards, or laws, often within a regulatory, corporate, or legal context.