Instructions attached


In their normal commercial activities, international businesses often deal with currencies other than those of their home countries.  Write a 3-4 page (single-spaced) summary explaining the following.


Short history of the international monetary system, making sure to include the “most” important points.

Function of the international monetary system?

Current purposes of the IMF?

Current purposes of the World Bank?

When and why did the fixed rate exchange system fail?

Can international businesses operate more easily in a fixed exchange rate system or in a flexible exchange rate system?

Heading and subheadings are to be used in the paper. You must cite all sources referenced. A minimum of four sources