The international monetary system can be defined as the institutional framework within which:
A) domestic payments are made
B) movements of goods are accommodated
C) interest rates of countries are determined
D) exchange rates among currencies are determined

Question

Quizplus · Accepted Answer

The international monetary system determines exchange rates among currencies, which is necessary for conducting international trade and cross-border investments. Choices A, B, and C are not the primary focus of the international monetary system.

The International Monetary System Can Be Defined as the Institutional