There have been numerous international monetary orders in the past two centuries.Which of the following best explains why international monetary orders aren't more stable?

Question

Quizplus · Accepted Answer

The lack of a global government to provide a single global monetary order is a major reason why international monetary orders are not more stable. Without a centralized authority to enforce rules and regulations, global banks and financial institutions often take advantage of existing systems, leading to instability and frequent shifts in the international monetary order. Additionally, the different and often conflicting economic interests of various nations make it difficult to achieve consensus and establish a stable, long-lasting monetary order.

There Have Been Numerous International Monetary Orders in the Past