Question: Briefly describe the current International Monetary System. How does the current system differ from the system that was in place prior to August 1971?

Briefly describe the current International Monetary System. How does the current system differ from the system that was in place prior to August 1971?

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Prior to 1971 the world operated on a fixed exchange rate system The value of the U S Dollar was linked to gold at the fixed price of 35 per ounce and ... View full answer

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