The international monetary system went through several distinct stages of evolution. These stages are summarised, in alphabetic order, as follows
1. Bimetallism
2. Brettonwoods system
3. Classical gold standard
4. Flexible exchange rate regime
5. Interwar period
The chronological order that they actually occurred is
A. 3, 1, 4, 2, 5
B. 1, 3, 5, 2, 4
C. 4, 1, 3, 2, 5
D. 5, 2, 1, 3, 4
Answer: Option B
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