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:

Experience

The knowledge or skill acquired by a period of practical exposure to activities, situations, or occurrences.

Relations-oriented Behavior

Behavior focused on creating and maintaining positive interpersonal relationships within a team or organization.

Performance Standards

Benchmarks or criteria used to assess the quality and effectiveness of work or tasks performed by individuals or groups.

Task-oriented Behaviors

Actions and activities focused on completing assigned tasks or achieving certain objectives, often emphasizing efficiency and effectiveness.