Prior to World War I, the international financial system had operated under _____

Name: Prior to World War I, the international financial system had operated under _____
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Prior to World War I, the international financial system had operated under the gold standard, where national currencies were convertible into gold at a fixed rate. This system provided stability and predictability in international trade and finance, but it also limited countries' ability to pursue independent monetary policies.

Prior to World War I, the International Financial System Had