What Are the Three Broad Categories of Exchange Rate Systems

question 170

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:

Raw Materials

Basic substances or components used in the manufacturing process to produce goods or finished products.

Production Department

The division within a company responsible for producing goods or services, focusing on efficient operation to meet business objectives.

Forward-thinking Approach

A proactive way of planning and thinking that anticipates future needs, trends, and changes, rather than reacting to events as they happen.

Problem Solving

The process of identifying issues, generating solutions, and implementing choices to address challenges.