Under the Managed Floating System of Exchange Rates

question 76

Multiple Choice

Under the managed floating system of exchange rates,

• A)all exchange rates vary with changes in the free-market prices of gold.
• B)industrialized nations meet once each year to negotiate readjustments in their exchange rates.
• C)exchange rates are essentially flexible, but governments intervene to offset disorderly fluctuations in rates.
• D)exchange rates are adjusted at the discretion of the IMF.

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Definitions:

Mushrooms

Fungi that produce a fruiting body, often umbrella-shaped, which contains spores for reproduction.

Lichens

Symbiotic organisms composed of a fungi and a photosynthetic partner, usually an alga or cyanobacterium, living together in a mutually beneficial relationship.

Yeasts

Yeasts are single-celled fungi that are widely used in food production, especially in baking and brewing, due to their ability to ferment.

Chemoautotroph

An organism that derives its energy from chemicals and synthesizes its own organic compounds from carbon dioxide.