The international monetary system provides a mechanism for ________.
A) establishing global accounting standards
B) enforcing the payment of importing tariffs and fees
C) correcting imbalances between a country's international payments and its receipts
D) increasing a country's paper currency value in comparison to the global gold standard

Question

Quizplus · Accepted Answer

The international monetary system primarily functions to correct imbalances between a country's international payments and its receipts, ensuring stability in global economic transactions.

The International Monetary System Provides a Mechanism for ________