Critics of the Current System of Flexible Exchange Rates Allege

question 183

Multiple Choice

Critics of the current system of flexible exchange rates allege that it

• A)promotes inflation
• B)promotes unemployment
• C)gives central banks too little discretion over their money supplies
• D)restricts the growth of developing countries
• E)gives too much financial power to industrial countries

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Definitions:

Rationalization

The process of justifying behaviors or decisions with seemingly logical reasons, often to hide the true motives.

Delegation

The process of assigning and entrusting responsibilities and authority from one person to another, typically from a manager to their subordinate.

Time Management

The process of organizing and planning how to divide one's time between specific activities efficiently.

Job Demands

The job characteristics involving physical, psychological, social, or organizational elements that demand continuous physical and/or psychological exertion.