What Is a Fixed Exchange Rate

question 28

Multiple Choice

What is a fixed exchange rate?

• A)A trading system in which governments do not limit how many goods can be sent between countries
• B)A monetary system in which the exchange rates of currencies are set at a permanent price of another currency or a precious metal
• C)A monetary system in which the exchange rates of major currencies retain nearly the same value with respect to gold but are periodically adjusted in response to currency crises
• D)A monetary system in which exchange rates are allowed to change according to their market price

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Definitions:

Switch Statement

A control statement in programming used to perform different actions based on different conditions by checking a variable against multiple values.

Do…while Loop

A control flow statement that executes a block of code at least once before checking the given boolean condition at the end of the block.

Even Numbers

Integers that can be exactly divided by two without leaving a remainder. They follow the formula 2n, where n is an integer.

Java

A high-level, class-based, object-oriented programming language designed to have as few implementation dependencies as possible.