The current world system for ensuring stable yet flexible exchange rates is generally thought to be an improvement over the Bretton Woods System.

Question

Quizplus · Accepted Answer

The current system, which is more flexible and involves floating exchange rates for many countries, does not necessarily ensure stability. The Bretton Woods System, with fixed exchange rates, was designed for stability, but lacked flexibility. The current system can lead to more volatility and less predictability in exchange rates.

The Current World System for Ensuring Stable Yet Flexible Exchange