According to Oatley,the World Currently Has a Floating Exchange Rate

question 45

Multiple Choice

According to Oatley,the world currently has a floating exchange rate system because

• A) markets are recognized as the best means of establishing values of currencies.
• B) of government corruption that accompanied the timing of dramatic devaluations in a fixed system.
• C) the Smithsonian realignments solved the problem of economic imbalances.
• D) of political unwillingness to accept the domestic costs imposed by fixed exchange rates.
• E) it solved the inflationary problems caused by oil being priced in US dollars.

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Definitions:

Gamete Formation

The process of producing gametes (sperm and eggs) through meiosis, involving the halving of the number of chromosomes.

Diploid Chromosome Number

The total number of chromosomes in a diploid cell, which includes pairs of homologous chromosomes, one inherited from each parent, typical for many organisms.

Gametes

Mature haploid reproductive cells (sperm and eggs) that unite during sexual reproduction to form a new organism.

Asexual Reproduction

A form of reproduction where offspring are produced by a single organism without the involvement of gamete fusion from another organism.