The Present Floating Exchange Rate System Was

question 79

Multiple Choice

The present floating exchange rate system was

• A) designed by the IMF and implemented flawlessly in 1973.
• B) established by the major trading nations in 19721 after Nixon closed the gold window.
• C) implemented in tandem with a reintroduction of the gold standard.
• D) established after several trials in which central bankers set rates incorrectly and speculators corrected them in the markets, and formalized after the fact in the IMF's Jamaica Agreement.

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Definitions:

Forecasting Human Resources

involves predicting an organization's future workforce needs to ensure it has the right number of employees with the necessary skills.

Organizational Objectives

The goals or targets that a company aims to achieve, which guide its operational and strategic activities.

Business Cycles

Business cycles refer to the fluctuations in economic activity that an economy experiences over a period, characterized by expansion and contraction phases.

Labour Mobility

The extent to which workers can move easily between jobs, locations, or industries, influenced by factors such as regulations and qualifications.