BUS450 Week 1 dq 3 – International monetary system

BUS450 Week 1 dq 3 –  International monetary system

1 st Posting Due by Day 3. International Monetary System. In Chapter 2, you were introduced to various aspects of the international monetary system. Discuss the criteria for a “good” international monetary system. In your discussion, be sure to support your answer by explaining why the stated criteria are necessary. Respond to at least two of your classmates’ postings.

 

 

 

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INTERNATIONAL MONETARY SYSTEM

            International monetary system is the agreed set of rules that are govern trade within different countries (Jonathan, Joe and Elizabeth; 1997). They govern cross border trade and currency exchange within different states that have different currencies. International monetary system also sets up a currency that is acceptable for buying and selling within countries. A single currency makes work easier, since either party will not…

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