Which of the Following Observations Is True of the Current

question 11

Multiple Choice

Which of the following observations is true of the current system of foreign exchange market?

• A) Most of the currencies can be converted to gold in the current system of foreign exchange.
• B) The current system is driven by fixed exchange rates.
• C) Currencies float freely against others in the current system.
• D) The current system is a combination of government intervention and speculative activity.

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Definitions:

ERG Theory

A motivational theory developed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth.

Three Stages

A conceptual division of a process or phenomenon into three sequential phases for easier understanding and analysis.

Effective Organizational Climate

The overall atmosphere within a company, influencing employees' behavior and work motivation.

Theory X

A management concept that assumes employees are inherently lazy and unambitious, requiring strict supervision and control to be productive.