According to the par value system, every member of the IMF, on joining the Fund, ________.

Name: According to the par value system, every member of the IMF, on joining the Fund, ________.
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According to the par value system, every member of the IMF, on joining the Fund, had to declare a value at which its currency could be converted into gold. This value was the par value, and it was expected to be stable unless there were fundamental changes in the economy of the member country.

According to the Par Value System, Every Member of the IMF