What is the international monetary system? What was Bretton Woods and why did it

Question

What is the international monetary system? What was Bretton Woods and why did it collapse? What is the current system of exchange rates?

What is the IMF, and what role does it play? What are two criticisms of the IMF and two of its opportunities for the future? What is the World Bank and what role does it play? What are two criticisms of the World Bank and two of its opportunities for the future?

Describe a spot rate and a forward rate.                What are the main differences between a forward contract and a futures contract?

What is a capital market? What is an international capital market? What is the role of bond and equity markets?

Explanation / Answer

International monetary system is a set of rules that governs the monetary transactions among the countries, it enables the government to decide and invest in different countries. They decide the exchange rate among the different countries and thus allows trading in foreign exchange market.

It also governs monetary transactions and exchange rate transactions amongst countries.

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