A 'Fixed Exchange Rate System' Is One in Which

question 77

Multiple Choice

A 'fixed exchange rate system' is one in which:

• A)the currency is backed by a fixed amount of gold.
• B)the government defines its currency to be worth a certain amount in terms of another currency and ensures that the rate remains at that level.
• C)foreign exchange traders accept only a fixed price for their goods, regardless of the demand and supply for the currency.
• D)demand and supply adjust so that there are no shortages or surpluses of currency in the market.

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Definitions:

Puts()

A function in C programming language used to print a string to the standard output, followed by a newline character.

Substitutes

Replacement items or alternatives that can be used in place of original items, in programming this can refer to alternative code paths or values.