A System in Which Exchange Rates Are Set by Government

question 329

Multiple Choice

A system in which exchange rates are set by government policy is a(n) _____ system.

• A) universal exchange
• B) floating exchange rate
• C) commodity standard
• D) fixed exchange rate

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Definitions:

Financing Statement

A document filed by a creditor to indicate a security interest in the assets of a debtor, typically used in secured transactions.

Trade Name

The commercial name under which a business operates and is known to the public, distinct from the business's legal name.

Collateral

An asset pledged by a borrower to secure a loan, which can be seized by the lender if the loan is defaulted on.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan.