International Business: The Challenges of Globalization (9th Edition) (What's New in Management)
International Business: The Challenges of Globalization (9th Edition) (What's New in Management)
9th Edition
ISBN: 9780134729220
Author: John J. Wild, Kenneth L. Wild
Publisher: PEARSON
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Chapter 10.3, Problem 3QS3
Summary Introduction

To Determine:

The name of the international monetary system which is formed in 1944 following the demise of the gold standard.

Introduction:

Due to the printing of more paper currency (in the nations that were involved in the first world war) for financing their war expenses forced nations to abandon the gold standard. By violating the principle of a gold standard, it certainly led to the rapid inflation to these nations.

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