A System of Fixed Exchange Rates Is More Likely to Result

question 254

True/False

A system of fixed exchange rates is more likely to result in exchange controls than is a system of flexible (floating)exchange rates.

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Definitions:

Employee

A person who is hired to provide services to a company on a regular basis in exchange for compensation.

Second-Level Outcome

A consequence or result that is one step removed from the immediate outcome, often more abstract or long-term in nature.

Expectancy Model

A psychological theory that states an individual's motivation is related to their expectation of achieving desired outcomes as a result of their effort.

Performance

The level of achievement or effectiveness of a person or system, often measured against known standards or objectives.