Global Financial System Quiz

The international monetary system (IMS) and the global credit system.

It has evolved from a system of fixed exchange rates to using floating exchange rates. Recently, some states have abandoned their national currencies in favor of regional currencies like the euro.

The global credit system determines who gets to borrow money and on what terms.

<p>Both systems have undergone dramatic changes since the mid-1940s.</p> Signup and view all the answers

<p>A number of states have abandoned their national currencies in favor of regional currencies, for example, the euro.</p> Signup and view all the answers