Multiple Choice
Which of the following was the major change made in the Second Amendment to the IMF's Articles of Agreement in 1976?
A) It allows members to define the value of their currency by any criteria except gold.
B) It implements the U.S. dollar as its international reserve currency.
C) It establishes the IMF's SDR as an international currency.
D) It prohibits members from pegging their currency to a currency basket.
Correct Answer:

Verified
Correct Answer:
Verified
Q41: The World Bank is the world's oldest
Q42: Discuss the use of the IMF's SDR
Q43: The value of official money is nominally
Q44: Which of the following describes a spot
Q45: The IMF forbids member states from imposing
Q47: Describe the standby arrangement facility provided by
Q48: The currency exchange system established by the
Q49: Reserve currency can consist of any commodity
Q50: Accounts in domestic banks that are maintained
Q51: Explain the IMF's "conditionality" requirement.