Which of the following changes were made to the International Monetary Fund's Articles of Agreement in the Jamaica agreement?
A) IMF members were permitted to use the U.S. 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.

Question

Quizplus · Accepted Answer

IMF members met in Jamaica in January 1976 and agreed to the rules for the international monetary system that are in place today. In the meeting, gold was abandoned as a reserve asset. IMF members were permitted to sell their own gold reserves at the market price.

Which of the Following Changes Were Made to the International