What Is the Best Way to Describe the Relationship of International

question 58

Multiple Choice

What is the best way to describe the relationship of international currencies to one another?

• A) All currencies are related to the dollar for contractual purposes.
• B) There is a stable standard in the world against which all other currencies are pegged.
• C) All major currencies are free floating relative to one another.
• D) The UN mandates currency valuation.
• E) The World Bank mandates currency valuation.

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Definitions:

Knowledge

Information, understanding, or skill acquired through experience or education; the theoretical or practical understanding of a subject.

Immanuel Kant

A German philosopher who is a central figure in modern philosophy, best known for his works in epistemology, ethics, and aesthetics.

Happiness

A state of well-being characterized by emotions ranging from contentment to intense joy.

Morality

In general, the rules for right action and prohibitions against wrong acts. Sometimes the term is understood to refer to a single set of absolute rules and prohibitions that are valid for all people at all times and in all societies. More loosely, a morality can be any set of ultimate principles and practices basic to a society.