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FINA4810 CH.2 VERIFIED QUESTIONS AND ANSWERS(A+)
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5
February 2025
2024/2025
A+
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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