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FINA4810 CH.2 VERIFIED QUESTIONS AND ANSWERS(A+)
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International monetary system - a complex set of agreements, rules, and mechanisms regarding exchange rates, international payments, and capital flow - it is the institutional framework within which international payments are made, movements of capital are accommodated and exchange rates among currencies are determined International monetary system went through several distinct stagesof evolution - Bimetallism: Before 1875. - Classical gold standard: 1875 to 1914. - Interwar period: 1915...
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