The international monetary system went through several distinct stages of evolution.These stages are summarized,in alphabetic order,as follows: (i)Bimetallism
(ii)Bretton Woods system
(iii)Classical gold standard
(iv)Flexible exchange rate regime
(v)Interwar period
The chronological order that they actually occurred is:
A)(iii),(i),(iv),(ii),and (v)
B)(i),(iii),(v),(ii),and (iv)
C)(vi),(i),(iii),(ii),and (v)
D)(v),(ii),(i),(iii),and (iv)

Question

Quizplus · Accepted Answer

Bimetallism was used in the 19th century, followed by the classical gold standard. The interwar period refers to the time between WWI and WWII, during which the gold standard was abandoned and then partially reinstated. The Bretton Woods system was established post-WWII, and the flexible exchange rate regime came into existence after the collapse of Bretton Woods in the early 1970s.

The International Monetary System Went Through Several Distinct Stages of Evolution.These