Simplify. -

question 223

Multiple Choice

Simplify.
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Definitions:

Fixed Exchange Rate System

A currency system where the value of a country's currency is pegged to another currency, a basket of currencies, or a commodity like gold.

Exchange Rate

The value of one currency for the purpose of conversion to another.

Governments

The governing bodies of a nation, state, or community, responsible for creating and enforcing laws and policies.

European Importer

A business or individual based in Europe that purchases goods or services from countries outside of Europe.