The world financial and monetary system consists of several large economies with sophisticated financial markets. The currencies of four major participants include all but the

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The major participants in the world financial and monetary system typically include economies with the most traded and globally recognized currencies, such as the yen (Japan), dollar (United States), pound (United Kingdom), and euro (European Union). The peso, while being the currency of several countries, is not considered a major currency in the global financial and monetary system in comparison to the others listed.

The World Financial and Monetary System Consists of Several Large