The international monetary system consists of institutions and mechanisms that foster oversees the World Bank, sets international trade policy, and determines the exchange rate regime for all participating countries.

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The international monetary system consists of institutions and mechanisms that oversee global financial exchanges and monetary practices, but it does not oversee the World Bank, set international trade policy, or determine the exchange rate regime for all participating countries. The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. International trade policy and exchange rate regimes are determined by individual countries or through agreements among countries, not by a single global entity.

The International Monetary System Consists of Institutions and Mechanisms That