What is a monetary system

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Reference no: EM133310256

Assignment:

Can you please explain the following in a few sentences each. Thanks.

1.) What is a monetary system?

2.) Define reserve currency

3.) Decribe the Bretton Woods agreement.

4.) According to the Bretton Woods agreement, the US agreed to back its dollars with what

4.) The other countries at Bretton Woods agreed to back their currencies with what

5.) What year did the Bretton Woods system end and why did it end?

6.) In 1944, how much of the world gold did the US have

7.) What does the gold standard mean

Reference no: EM133310256

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