Arrange the following economic events in chronological order:
(A) Gold was displaced by creating the Special Drawing Rights (SDRs).
(B) The Great Depression.
(C) First World War.
(D) Bretton Woods Conference.
Choose the correct answer from the options given below:
Arrange the following economic events in chronological order:
(A) Gold was displaced by creating the Special Drawing Rights (SDRs).
(B) The Great Depression.
(C) First World War.
(D) Bretton Woods Conference.
Choose the correct answer from the options given below:
Solution
Option 2: (C), (B), (D), (A) -> The correct chronological order is: First World War (1914-1918), followed by The Great Depression (1929-1939), then the Bretton Woods Conference (1944) which established the post-WWII international monetary system, and finally the creation of Special Drawing Rights by the IMF (1969) as an international reserve asset to supplement gold and address liquidity issues in the global monetary system. -> correct
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