Which of the following lists of exchange rates is arranged in proper historical order?
A)Bretton Woods system, gold standard, managed float
B)gold standard, managed float, Bretton Woods system
C)managed float, Bretton Woods system, gold standard
D)gold standard, Bretton Woods system, managed float

Question

Quizplus · Accepted Answer

The gold standard was in effect during the late 1800s and early 1900s, followed by the Bretton Woods system which was in place from 1944 to 1971, and ultimately replaced by the managed float system in which exchange rates are determined by market forces. Therefore, the correct order is gold standard, Bretton Woods system, managed float, making answer choice D the correct option.

Which of the Following Lists of Exchange Rates Is Arranged