Which of the Following Is True of Fixed Exchange Rates

question 44

Multiple Choice

Which of the following is true of fixed exchange rates?

• A) A country's government may need to buy or sell its own currency in foreign exchange markets to maintain a fixed exchange rate.
• B) Having a fixed exchange rate means that the exchange rate is fixed at the market equilibrium for its foreign exchange market.
• C) Most major economies of the world have fixed exchange rates.
• D) Fixed exchange rates are very responsive to changing conditions in an economy.

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Established procedures for handling frequently occurring tasks which simplify decision-making processes.

Organizational Life

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The set of shared values, norms, beliefs, and practices that characterizes an organization, influencing how employees behave and interact.

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