Which of the Following Statements Is Not True in the Current

question 211

Multiple Choice

Which of the following statements is not true in the current exchange-rate system?

• A)Major currencies like the U.S. dollar, euro, pound, and yen operate mostly in a flexible system responding to supply and demand forces.
• B)Some developing nations peg their currencies to the dollar and allow their currencies to fluctuate with it relative to other currencies.
• C)Each country uses its own unique currency; for example, only the U.S. uses the U.S. dollar as its currency.
• D)Many nations peg their currencies to a "basket," or group, of other currencies, rather than to a single other currency.

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Definitions:

Unwelcome Physical Contact

Physical interaction that is not consented to and is perceived as inappropriate or harassing by the recipient.

Hostile Environment

A work or social situation that is intimidating, unfriendly, or offensive, especially due to discrimination or harassment.

Managers and Coworkers

The relationship dynamics and interactions between supervisory personnel (managers) and the employees (coworkers) they oversee.

Customers

Individuals or organizations that purchase goods or services from a business, playing a crucial role in the success and sustainability of the business.