What was the key difference between the two systems

Reference no: EM13186598

1) Most countries abandoned the gold standard during the 1930s. What was the key event of that time period that led to the end of the gold standard? What did countries want to do that the gold standard would have prevented them from doing?

2) Both the gold standard and the Bretton Woods system were fixed exchange rate systems. What was the key difference between the two systems?

3) In which type of exchange rate system, fixed or floating, are the values of currencies determined by supply and demand?

Reference no: EM13186598

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