The International Monetary Fund was initially established to manage
A) the Gold Standard
B) the Gold-Exchange Standard
C) the euro-dollar exchange rate
D)the Dollarization initiative

Question

Quizplus · Accepted Answer

The International Monetary Fund was established in 1944 to manage the international monetary system under the Gold-Exchange Standard. The Gold-Exchange Standard was a monetary system in which currencies were pegged to the value of gold and the US dollar was used as the reserve currency. The IMF was created to oversee this system and provide loans to member countries that were experiencing balance of payments difficulties.

The International Monetary Fund Was Initially Established to Manage