A Fixed Exchange Rate System Where Central Banks Buy and Sell

question 76

Multiple Choice

A fixed exchange rate system where central banks buy and sell gold to keep exchange rates at a given level is called the:

• A)fixed standard.
• B)flexible standard.
• C)fiat standard.
• D)gold standard.

---

Definitions:

Return Value

The value that a function or procedure returns to the calling environment upon its completion.

Free()

A function in C/C++ used to deallocate memory that was previously allocated with a memory allocation function like malloc().

Allocated Block of Storage

A specific region of memory that has been reserved for use by a computer program.

Operating System

The software that manages hardware and software resources, providing common services for computer programs.