The exchange rate system for which the International Monetary Fund was designed is best described as
A) fixed.
B) flexible.
C) floating.
D) indexed.
E) the gold standard.

Question

Quizplus · Accepted Answer

The International Monetary Fund was designed for a fixed exchange rate system, where countries would set a fixed exchange rate between their currency and a benchmark currency (usually the US dollar or gold) and would intervene in the exchange market to maintain that exchange rate.

The Exchange Rate System for Which the International Monetary Fund