Which of These Statements About the International Monetary Fund Is

question 24

Multiple Choice

Which of these statements about the International Monetary Fund is not true?

• A)It was created for the purpose of overseeing that nations followed an agreed-upon set of rules in international trade.
• B)It provided borrowing facilities for nations in temporary balance-of-payments difficulties
• C)Only in a case of fundamental disequilibrium was a nation allowed to change the par value of its currency
• D)The IMF began normal operations on March 1,1950,with a membership of 35 nations.