International Businesses Like a Fixed Exchange-Rate System Because

question 53

Multiple Choice

International businesses like a fixed exchange-rate system because

• A)they like large swings in currency values when devaluation or revaluation occur.
• B)they profit by speculating on devaluation or revaluation.
• C)they can plan better if they know what the exchange rate will be.
• D)fixed exchange rates are economically efficient.

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Definitions:

Possible Doubt

A situation or condition where uncertainty or skepticism exists regarding a fact, claim, or outcome.

Francis Bacon

An English philosopher, statesman, scientist, and author who is known for developing the scientific method and contributing to the early development of science.

The Structure of Scientific Revolutions

A book by Thomas S. Kuhn that introduced the concept of paradigm shifts in the scientific community, explaining how scientific progress is not linear but consists of periodic, revolutionary changes.

Scientific Problems

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