Which of the Following Is False with Regard to the Present

question 15

Multiple Choice

Which of the following is false with regard to the present international monetary system?

• A)Special Drawing Rights are the primary reserve asset
• B)Monetary authorities intervene in foreign exchange markets to smooth out excessive short-run fluctuations in exchange rates
• C)It was forced on the world by the collapse of the Bretton Woods System
• D)It was formally recognized in the Jamaica Accords

---

Definitions:

Two-Tail Test

A statistical hypothesis test in which the critical area of a distribution is two-sided and tests whether a sample is either greater than or less than a certain range of values.

Sample Proportions

The ratio of members within a sample that satisfy a given characteristic, often used to estimate the proportion of the characteristic in the entire population.

Standard Error

The standard deviation of the sampling distribution of a statistic, often used in constructing confidence intervals around a sample statistic to estimate the population parameter.

Test Statistic

A metric deduced from a sample's data in the process of hypothesis testing, which aids in determining the rejection of the null hypothesis.