The IMF currently follows a system under which currencies are exchanged against the U.S.dollar on a fixed rate tied to the price of gold.

Name: The IMF currently follows a system under which currencies are exchanged against the U.S.dollar on a fixed rate tied to the price of gold.
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

This statement is false. The IMF previously followed such a system, known as the Bretton Woods system, from 1944 until 1971, but has since shifted to a system of floating exchange rates.

The IMF Currently Follows a System Under Which Currencies Are