The Recent Flexible Exchange Rate System Developed Because Of

question 86

Multiple Choice

The recent flexible exchange rate system developed because of:

• A)​the controversies generated by trade surplus nations wanting to devalue their currencies.
• B)​the huge debts owed to the IMF by less-developed countries.
• C)​governments were unable to agree on an alternative to a fixed-rate approach when the Bretton Woods system collapsed.
• D)​the controversies generated by trade deficit nations wanting to raise the value of their currencies.

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Definitions:

Economic Plight

Refers to the challenging financial conditions or difficulties faced by an individual, group, or region.

Pay-Day Lenders

Financial services companies that offer short-term loans with high-interest rates, often targeted towards individuals with financial difficulties.

Hyphenated

Often refers to individuals with multiple ethnic backgrounds, commonly represented in their identities by a hyphen; for example, African-American.

Culturally Pluralistic

A societal condition in which various cultural groups celebrate and maintain their unique traditions and values while coexisting peacefully.