What Are the Three Broad Categories of Exchange Rate Systems

question 34

Multiple Choice

What are the three broad categories of exchange rate systems?

• A)private market system, government (public)system, fixed exchange rate system
• B)fixed exchange rate system, flexible exchange rate system, gold-standard system
• C)managed float system, flexible exchange rate system, fixed exchange rate system
• D)central bank system, flexible exchange rate system, fixed exchange rate system

---

Definitions:

Downsizing

The process of reducing a company's workforce or the scale of its operations to cut costs and improve efficiency, often leading to layoffs.

Feature Bloat Barriers

Challenges associated with the excessive addition of features in a product that can lead to decreased usability.

Adding Value

Adding value refers to the process of enhancing a product or service before offering it to customers, thereby increasing its worth and desirability.

Trading Up

Adding value to the product (or line) through additional features or higher-quality materials.