The IMF initially played a central role in:
A) establishing trade initiatives through GAAP measures.
B) supporting war-torn nations of Europe as they recovered from their devastation.
C) setting fixed exchange rates among nations' currencies with an established par value based on gold.
D) the monitoring of EU initiatives to restrain trade with South Africa.

Question

Quizplus · Accepted Answer

The IMF initially played a central role in setting fixed exchange rates among nations' currencies with an established par value based on gold. This system is known as the Bretton Woods system and was in place from 1944-1971.

The IMF Initially Played a Central Role In