The International Monetary Fund was created to assist countries with balance of payment difficulties and monitor an adjustable peg system with the U.S.dollar as the anchor currency.

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This statement is true. The International Monetary Fund (IMF) was established in 1944 to promote international monetary cooperation, facilitate international trade, and promote exchange rate stability. One of its primary functions is to provide financial assistance to member countries experiencing balance of payment difficulties. Additionally, in the post-World War II era, the IMF played a key role in managing the international monetary system, which was based on an adjustable peg system with the U.S. dollar as the anchor currency.

The International Monetary Fund Was Created to Assist Countries with Balance