Because Central Banks Have Not Been Willing to Give Up

question 25

Multiple Choice

Because central banks have not been willing to give up their option of intervening in the foreign exchange market,the current international financial system can best be described as a

• A)variable-pegged exchange rate system.
• B)moving-pegged exchange rate system.
• C)hybrid of a fixed exchange rate and flexible exchange rate system.
• D)flexible-exchange,dollar-pegged exchange rate system.

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Definitions:

Family Psychology

A branch of psychology that studies the dynamics, relationships, and health within families.

Remediate

The process of correcting or improving deficiencies or problems.

Cohesion

The degree to which members of a group or team are united in pursuing common goals and how well they stick together.

One-Dimensional

Lacking depth or complexity; containing only one aspect or dimension.