Fixed Exchange Rate Regimes

question 56

Multiple Choice

Fixed exchange rate regimes

• A)existed prior to the nineteenth century but were then superseded by the gold standard.
• B)lower the transactions costs of buying and selling goods and assets.
• C)result in higher world interest rates.
• D)were first established by the GATT in 1971.

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Definitions:

Fragile veins

Veins that are easily damaged or bruised, often posing a challenge for medical procedures such as blood draws or IV insertions.

Automatic puncturing device

A tool designed to automatically puncture or penetrate the skin for purposes such as drawing blood or administering medication.

Evacuation system

A mechanism or infrastructure designed for the safe and efficient removal of people from a dangerous or potentially dangerous area.

Plasma

The liquid component of blood, comprising about 55% of its volume, in which cells and other components are suspended.