According to the Par Value System, Every Member of the IMF

Multiple Choice

According to the par value system, every member of the IMF, on joining the Fund, ________.

A) had to implement the U.S. dollar as its international reserve currency
B) had to adopt the gold exchange rate system of monetary exchange
C) had to declare a value at which its currency could be converted into gold
D) had to define the value of their currency by any criteria except gold