The Mirror Image Rule States That ________

question 19

Multiple Choice

The mirror image rule states that ________.

• A)the offeree's counteroffer should match the value of the offeror's offer
• B)the offeree is allowed to modify the terms of the offer
• C)the offeror can modify the terms of the offer even after the offeree has accepted it
• D)the offeree must accept the terms as stated in the offer

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Definitions:

Flexible Exchange-rate

A currency system where the value of a currency is allowed to fluctuate according to the foreign exchange market without direct intervention by the country's government.

European Euro

The official currency of the eurozone, which is used by many of the European Union's member states as their primary currency.

U.S. Dollar

The sanctioned monetary unit of the United States, commonly employed worldwide as a reference and reserve currency.

Fixed Exchange-rate System

A currency value regime where a country's currency is pegged at a set value to another currency, a basket of currencies, or a commodity like gold.