Which of the Following Is Not Considered a Result of the Flexible

question 4

Multiple Choice

Which of the following is not considered a result of the flexible exchange rate system?

• A)Future markets have been used to hedge exchange rate risk.
• B)Competition tends to set the rates.
• C)Exchange rates fluctuate on a daily basis.
• D)The exchange rate has been slow to change.

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Definitions:

Accounts Department

The Accounts Department handles the financial record-keeping, including transactions, budgeting, and financial reporting within an organization.

Quality of Work Life

Concerns the overall environment, conditions, and satisfaction individuals experience in their workplace, including job security, work-life balance, and health and safety.

Accountability

The obligation of individuals or organizations to account for their activities, accept responsibility for them, and disclose the results in a transparent manner.

Chain of Command

The formal line of authority, shown within an organization, where commands are passed down from one level to the next.