A Fixed Exchange Rate Is

question 147

Multiple Choice

A fixed exchange rate is:

• A) determined by the forces of supply and demand.
• B) the value of a nation's money in gold.
• C) the value of a nation's money determined by the World Bank.
• D) none of these.

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Definitions:

Solution

The value or values that satisfy an equation, inequality, or system of equations.

Absolute Value

The distance of a number from zero on the number line, disregarding whether it is positive or negative.

Set Notation

A system of symbols and terminology used to define and describe sets and their relationships in mathematics.

Absolute Value Inequality

An inequality that involves the absolute value of a variable or expression, comparing it to a number.