You received no credit for this question in the previous attempt View previous attempt The Evolution of the Global Monetary System The international monetary system has evolved as governments needs have changed and as these governments respond to domestic and international conditions. Private investors and speculators also have a major impact, sometimes to the disadvantage of specific countries. During the 20th century, the International monetary system underwent major transformations to respond to the needs of governments International businesses, and currency traders, Although supply and demand determine the relative value of any two currencies through the foreign exchange market, governments also have a major impact. The exchange rate policy adopted by a government will affect international business operations in that country. Because discussion and debate stil surround the institutions in the system, businesses need to be aware of their history and evolution Review the developments in the evolution of the global monetary system and place them in the right sequence Rank the options below The Gold Standard The collapse of the fixed exchange rate system Countries devalue their currencies Hiew the developments in the evolution of the global monetary system and place them in the right sequence. Rank the options below The Gold Standard The collapse of the fixed exchange rate system Countries devalue their currencies The Jamaica Agreement The Bretton Woods System