Which of the Following Is Not a Feature of the Current

question 25

Multiple Choice

Which of the following is not a feature of the current exchange rate system?

• A)Some developing countries attempt to keep their currencies' exchange rates fixed against the US dollar or other major currencies.
• B)Developed countries rely on the gold standard to fix their currencies' exchange rates.
• C)Most Western European countries have adopted a single currency: the euro.
• D)Australia allows the dollar to float against other major currencies, only intervening occasionally.

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