An Exchange Rate System in Which Governments and Central Banks

question 15

Multiple Choice

An exchange rate system in which governments and central banks do not participate in the
Currency market is a(n)

• A) managed float system.
• B) free-floating exchange rate system.
• C) commodity standard system.
• D) fixed exchange rate system.

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Definitions:

Non-verbal Behavior

Communication without words, involving gestures, body language, and facial expressions, among other cues.

Verbal Behavior

The aspect of human communication that involves speaking and the use of words to exchange information or express ideas.

Individualistic Cultures

Societies that emphasize personal achievements and rights over group goals and cohesion.

Collectivistic Cultures

Societies that prioritize the needs and goals of the group over the desires and ambitions of the individual.