A Review of the Evolution of the Global Monetary System

question 36

Multiple Choice

A review of the evolution of the Global Monetary System shows that capital flows dominate trade in which of the following eras EXCEPT:

• A) Classical Gold Standard.
• B) Fixed Exchange Rates, 1945-1973.
• C) The Floating Era, 1973-1997.
• D) The Emerging Era, 1997-Present.

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Definitions:

Hawaii

A U.S. state located in the Pacific Ocean, comprised of islands, known for its diverse landscapes, warm tropical climate, and rich indigenous culture.

Civil Rights Movement

A decades-long struggle, particularly during the 1950s and 1960s, by African Americans and allies to end racial segregation and discrimination against black citizens and secure legal recognition and federal protection of citizenship rights enumerated in the Constitution and federal law.

Jim Crow Laws

Racial segregation laws enacted in the Southern United States after the Civil War, legally enforcing discrimination against African Americans until the mid-20th century.

GI Bill Of Rights

U.S. legislation passed in 1944 to provide benefits to World War II veterans, including funding for education, home loans, and unemployment benefits.