Question 1
A "managed floating" system of exchange rate determination
◦ was the primary system for determining exchange rates before 1914.
◦ was the primary system for determining exchange rates between World War I and World War II.
◦ was the primary system for determining exchange rates from the end of World War II until 1971.
◦ has been the primary system for determining exchange rates since 1971.
Question 2
________ was the major system of exchange rate determination before 1914.
◦ The Bretton Woods system
◦ The gold standard
◦ The freely-floating system
◦ The managed-floating system