The current international monetary system is a _____

Question

Quizplus · Accepted Answer

The current international monetary system is a managed float system, also known as a flexible exchange rate system with occasional government intervention to manage the value of their currency. This system allows for market forces to determine exchange rates, but governments can still influence their currency's value through monetary policy and other interventions. It replaced the fixed exchange rate system (Option B) that was in place during the Bretton Woods era but ended due to the inability of governments to maintain their fixed exchange rates. The gold standard (Option D) and gold exchange rate system (Option E) are outdated systems that were used in the past but are not used in the current international monetary system.

The Current International Monetary System Is a _____