Why does the international monetary system exist?
A) because most countries have their own currencies
B) to control interest rates on international business loans
C) to avoid monetary crises from becoming global
D) because it sets the price of a given currency

Question

Quizplus · Accepted Answer

The international monetary system exists because most countries have their own currencies, and it provides a framework for exchanging these currencies to facilitate international trade and investment.

Why Does the International Monetary System Exist