It has been averred that the international monetary system has evolved over time and will continue to do in the future as the fundamental business and political conditions underlying the world economy continue to shift. As such, it is imperative that financial management experts are vest with a number of key terminologies.

Required: Write brief notes on the following:

a) Bretton Woods System (5 marks)

b) Price-specie-flow Mechanism (5 marks)

c) Greshams Law (5 marks)

d) Managed Float (5 marks)

e) Coin Debasement (5 marks)