Question

After world war ii, the world's major industrial nations arranged their currencies against each other at a mutually agreed on exchange rate. This is an example of a _____ system

Answer 1

The actions of the world's major industrial nations to arrange their currencies against each other is a fixed exchange rate.

What is a fixed exchange rate?

This refers to when nations exchange their currencies are predetermined rates as was done between the world's major nations after WWII ended.

This type of system involves continually intervening in the foreign exchange market to maintain the rate.

Find out more on the fixed exchange rate system at https://brainly.com/question/11160294.

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