In a Managed Float Exchange-Rate System

question 21

Multiple Choice

In a managed float exchange-rate system

• A) governments commit themselves to maintaining a specific fixed price against other currencies
• B) governments allow their currencies to float freely.
• C) governments intervene in the foreign exchange market to influence the value of their currency.
• D) currency speculation is prohibited.
• E) governments only change the value of their currency very rarely.

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Definitions:

Ginkgophyta

A division of plants that includes a single living species known as Ginkgo biloba, characterized by unique fan-shaped leaves and medicinal properties.

Anthophyta

A taxonomic group comprising all flowering plants, characterized by the presence of flowers and seeds enclosed in a fruit.

Phloem

The vascular tissue in plants responsible for the transport of nutrients and carbohydrates produced by photosynthesis.

Transport Nutrients

involves the movement of nutrients from one location to another within an organism or between organisms in an ecosystem.