The __ helps facilitate payments, currency exchanges, and cross-border movements of capital required for international transactions.Multiple choice question.Global currency exchangeCentral bankWorld bankInternational monetary system
Question
The __ helps facilitate payments, currency exchanges, and cross-border movements of capital required for international transactions.Multiple choice question.Global currency exchangeCentral bankWorld bankInternational monetary system
Solution
The correct answer is International monetary system. The International Monetary System is a structure within which foreign exchange rates are determined, international trade and capital flows are accommodated, and balance-of-payments adjustments made. All of these functions are vital to the process of making international payments, exchanging currencies, and managing cross-border capital movements.
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