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Question
What do you mean by the international monetary system?
Options
It is the system of withdrawal of money.
It is the system for the deposit of money.
It is the system linking national currencies and the monetary system.
None of these
MCQ
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Solution
It is the system linking national currencies and the monetary system.
Explanation:
The international monetary system is the system linking national currencies and the monetary system. In this system, national currencies, for example, the Indian rupee, were pegged to the dollar at a fixed exchange rate.
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