The current international monetary system is best described as a

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The current international monetary system is a managed flexible exchange rate system. This means that exchange rates are allowed to fluctuate freely in the short term, but central banks intervene in the foreign exchange markets to influence the value of their currency in the long term. This system replaced the fixed exchange rate system that operated under the Bretton Woods system from 1944 to 1971. The current system allows countries to pursue their own monetary policy objectives, but also requires coordination and cooperation among central banks to maintain stability in the global financial system.

The Current International Monetary System Is Best Described as a