Multiple choice general knowledge

The currency convertibility concept in its original form originated in Wells Agreement

  1. True

  2. False

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The statement is false: the currency convertibility concept originated in the Articles of Agreement of the International Monetary Fund (IMF) established at the Bretton Woods Conference in 1944, not in any 'Wells Agreement'. The IMF framework laid the foundation for current account convertibility.