Suppose a Nation Fixes the Exchange Rate of Its Currency

question 39

Multiple Choice

Suppose a nation fixes the exchange rate of its currency relative to a specific amount of
Gold. This system is an example of a

• A) managed float system.
• B) free-floating exchange rate system.
• C) commodity standard system.
• D) fiat standard system.

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Definitions:

Table

A collection of data arranged in rows and columns, commonly used in databases and data manipulation.

Rows

In the context of two-dimensional data structures or databases, horizontal groups of data fields or elements that together represent a single record or entry.

Columns

Vertical divisions in a table or spreadsheet, categorizing information by field.

Two-dimensional Array

A matrix-like structure that allows for storage and organization of data in rows and columns, facilitating operations on multi-dimensional data.