The Current Exchange Rate System Has Which of the Following

question 63

Multiple Choice

The current exchange rate system has which of the following characteristics?

• A)The United States allows the dollar to float against other major currencies.
• B)All developing countries allow their currencies to float against the dollar and other major currencies.
• C)The countries of the European Union have adopted the gold standard.
• D)Several developing countries in Asia have adopted the Bretton Woods system.
• E)The current global foreign exchange system is a fixed system.

---

Definitions:

Merger Decisions

Decisions taken by companies to consolidate with or acquire another company, often aimed at growth or enhancing competitive advantage.

Shareholders' Profits

The portion of a company's earnings that is distributed to its shareholders.

Local Community

A group of people living in the same place or having a particular characteristic in common, often within a smaller area that facilitates face-to-face interaction.

Blended Family

Two adults and their children. Because of divorce, separation, death, or adoption, the children are the offspring of other biological parents or of just one of the adults raising them.