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thesly2015

Answer:

The gold standard that the IMF utilized between 1947 and 1971 provided monetary stability based on the agreement of each nation to abide by its principles. Any country that uses a gold standard will have to keep a large quantity of gold on hand in order to keep a reserve for their currency.

snehakchhetri

Answer:

When the IMF was established toward the end of World War II, it was based on a modified form of the gold standard. The system resembled the gold standard in that each country established a legal gold valuation for its currency. This valuation was registered with the International Monetary Fund.

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