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.
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…