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The Controlling Mechanism for a Gold-Based Exchange System and a Floating-Rate

question 11

True/False

The controlling mechanism for a gold-based exchange system and a floating-rate system are the same.


Definitions:

Effective Communication

The intended meaning of the source and the perceived meaning of the receiver are identical.

Efficient Communication

The ability to convey information and ideas effectively and clearly with minimal waste of time and resources.

Filtering

The intentional distortion of information to make it appear more favourable to the recipient.

Status Effects

The impacts or consequences that arise from an individual's social, professional, or other status within a group or society.

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