Question
Economics Question on Globalization
Arrange the following elements in correct chronological sequence (earliest to latest):
(A) Smithsonian Agreement
(B) Bretton Woods Conference
(C) Establishment of WTO
(D) Gold Standard
Choose from the options given below:
A
(A), (B), (C), (D)
B
(D), (B), (A), (C)
C
(D), (A), (B), (C)
D
(C), (B), (D), (A)
Answer
(D), (B), (A), (C)
Explanation
Solution
The Gold Standard was used in the 19th century, Bretton Woods in 1944, the Smithsonian Agreement in 1971, and the WTO was established in 1995.