Which of the following lists of exchange-rate systems is arranged in proper historical order, from earliest to most current?
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 the earliest exchange-rate system, followed by the Bretton Woods system, and then the managed float system that is currently in place. Therefore, the correct historical order is gold standard, Bretton Woods system, and managed float. Choice D is the only option that lists these systems in the correct order.

Which of the Following Lists of Exchange-Rate Systems Is Arranged