When the Exchange Rate Is Allowed to Shift Gradually Over

question 13

Multiple Choice

When the exchange rate is allowed to shift gradually over time,or within an exchange rate band which may also shift over time,this is considered a(n) :

• A)fixed exchange rate.
• B)managed float.
• C)flexible exchange rate.
• D)none of the above.

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Definitions:

Public Use

The use of property or resources for the benefit or welfare of the general public or community.

State Governments

The governing bodies of individual states within a federal system, responsible for local law enforcement, education, and other public policies.

Executed

The carrying out of a sentence of death on a person convicted of a capital crime, or the completion of a planned or ordered process.

Equal Protection Clause

A provision in the Fourteenth Amendment of the United States Constitution asserting that no state shall deny any person within its jurisdiction the equal protection of the laws.