A Developing Country Might Want to Commit Itself to Converting

question 93

Multiple Choice

A developing country might want to commit itself to converting its domestic currency on demand into another currency at a fixed exchange rate. To do this, it should implement a(n)

• A) free-float exchange rate system.
• B) clean-float exchange rate system.
• C) pure-float exchange rate system.
• D) currency board.
• E) gold standard.

---

Definitions:

Anglicized

Made to resemble or adopt characteristics of the English language or British culture.

Ethnic Group

A community or population made up of people who share a common cultural background or descent.

Racial Diversity

The inclusion and representation of individuals from different racial and ethnic backgrounds within an organization, community, or society.

LGBTQ Stereotypes

Oversimplified and generalized beliefs or perceptions about the characteristics, behaviors, and roles of individuals within the LGBTQ community.