Fixed Exchange Rates Are Fixed by

question 182

Multiple Choice

Fixed exchange rates are fixed by

• A)international speculators who manipulate the world's currencies.
• B)international demand and supply.
• C)national governments.
• D)All of the above are correct.

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Definitions:

Ordinary Income

Income earned through wages, salaries, commissions, and interest, as opposed to capital gains, which are realized through the sale of assets.

Income Component

The part of an investment's return that comes from dividends or interest payments, as opposed to capital gains.

Broker-dealers

Firms that trade securities for customers and their own accounts, providing investment services.

Clients' Interests

A principle in financial and legal services that emphasizes prioritizing the needs and goals of clients above those of the professional or the firm.