Which of the Following Is Incorrect

question 37

Multiple Choice

Which of the following is incorrect?

• A)Overall, floating exchange-rates discipline countries to have low inflation rates.
• B)With fixed exchange-rates, a country that prefers to have a lower inflation rate than its trading partners will tend to import inflation from its partners.
• C)Floating exchange-rates permit countries to have different inflation rates.
• D)Since 1973, high degrees of variability of floating exchange-rates may have caused considerable adjustment into or out of trade-oriented production from time to time.

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Definitions:

Original Obligor

The individual or entity originally responsible for fulfilling the obligations of a contract or agreement.

Obligee

The party in a contractual agreement who is entitled to receive a performance or benefit from the obligor.

Express Consent

Clear and voluntary permission given by a person or party to another for a specific action or procedure, often communicated orally or in writing.

Noncompetition Provision

A clause in a contract that prohibits an individual from entering into or starting a similar profession or trade in competition against another party, typically an employer, for a certain period of time and within a specific geographic area.