Which of these statements about the International Monetary Fund is not true?
A) It was created for the purpose of overseeing that nations followed an agreed-upon set of rules in international trade.
B) It provided borrowing facilities for nations in temporary balance-of-payments difficulties
C) Only in a case of fundamental disequilibrium was a nation allowed to change the par value of its currency
D) The IMF began normal operations on March 1,1950,with a membership of 35 nations.
Correct Answer:
Verified
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