Which of the Following Statements Is True

question 43

Multiple Choice

Which of the following statements is true?

• A)The special drawing right (SDR) is a basket of currencies made up of U.S.dollars, euros, British pounds, and Japanese yen.
• B)Today, only China and Switzerland have currencies fixed to gold.
• C)Currencies whose prices are fixed to the same commodity would ensure that arbitrage will not work and exchange rates will be floating.
• D)A country maintains a floating exchange rate value to weaken the international value of its currency.

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Definitions:

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Human Rights Watch

An international non-governmental organization that conducts research and advocacy on human rights.

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Transgender

A descriptor for people whose gender identity differs from their sex assigned at birth.