When a member's currency is declared "scarce&quo...
When a member's currency is declared "scarce", it is the duty of the IMF to______
Suspend the member state indefinitely
Ban all exports from that state
Suspend dealings in that currency for one year
Ration it among the countries demanding it
Correct answer is D
The clause provided that if the IMF ran out of sticks of a country's currency, this could be declared a "scarce currency", upon which members would be entitled and expected to discriminate against the country's goods in their trade policies.
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