In Pegged Currency Systems,the Country Fixes Its Currency Value to the Value

question 15

Multiple Choice

In pegged currency systems,the country fixes its currency value to the value of some other stable currency and:

• A)does not interfere with the value of its currency unless it determines that the currency to which its currency is pegged is not performing as expected.
• B)only acts to affect the value of its currency if the value of its currency decreases significantly.
• C)allows its currency value to fluctuate in a narrow band around the fixed value and then takes steps to maintain its currency's value within that band.
• D)only acts to affect the value of its currency if the value of its currency increases significantly.

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Definitions:

Teams and Organizations

focuses on the structures, dynamics, and outcomes associated with groups of individuals working collectively within organizational settings.

Followers

Individuals who support and are guided by a leader, contributing to the achievement of the leader’s or group’s objectives.

Leaders

Individuals who guide, influence, or direct others towards achieving collective goals, often by inspiring or motivating them.

Burns

Often associated with burns transformational leadership theory, focusing on how leaders can inspire followers to achieve extraordinary outcomes.