Arrange the exchange rate system prevailed according to chronological order :

(A) The Bretton Wood System

(B) Currency Board

(C) Special Drawing Rights

(D) The Gold Standard

(E) European Monetary Union

Choose the correct answer from the options given below :

(D), (A), (C), (B), (E)

The correct answer from the option (1) : (D), (A), (C), (B), (E)

Arranging the exchange rate systems in chronological order:

(D) The Gold Standard :From around 1870 to the outbreak of the First World War in 1914, the prevailing system was the gold standard which was the epitome of the fixed exchange rate system. All currencies were defined in terms of gold; indeed some were actually made of gold. Each participant country committed to guarantee the free convertibility of its currency into gold at a fixed price. This meant that residents had, at their disposal, a domestic currency which was freely convertible at a fixed price into another asset (gold) acceptable in international payments.

(A) The Bretton Woods System : Established in 1944

(C) Special Drawing Rights (SDRS): Introduced by the International Monetary Fund (IMF) in 1967.

(B) Currency Board: Argentina adopted the currency board system in 1991.

(E) European Monetary Union (EMU) : January, 1999