In Saying That the Present System of flOating Exchange Rates

question 286

Multiple Choice

In saying that the present system of floating exchange rates is managed, we mean that

• A) countries that allow their exchange rate to move freely will lose their borrowing privileges with the IMF.
• B) the value of any IMF member's currency can only vary 2 percent from its par value.
• C) IMF officials determine exchange rates on a day-to-day basis.
• D) the central banks of various countries sometimes buy and sell foreign exchange to alter undesirable trends in exchange rates.

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Definitions:

Consciousness

The condition or characteristic of being conscious or cognizant of an external object or something internal to oneself.

Continuous Stream

An unbroken flow or sequence of content or information, often used in context to streaming media online.

Psychodynamic Theory

A psychological perspective that focuses on unconscious processes and childhood experiences in shaping behavior and personality.

Freud

Sigmund Freud, a neurologist from Austria and the pioneer of psychoanalysis, employed dialogue as a technique to address mental disorders.