An Exchange Rate System in Which Prices of Various Currencies

question 128

Multiple Choice

An exchange rate system in which prices of various currencies are fixed relative to a given
Quantity of some commodity is called a

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

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Definitions:

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The bonds that bring people together in a society, enabling them to cooperate and live harmoniously.

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A person who inspires and motivates followers based on personal charm and the ability to influence.

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