If Exchange Rates Were Fixed, Investors and Traders Would Be

question 36

Multiple Choice

If exchange rates were fixed, investors and traders would be relatively certain about the current and near future exchange value of each currency.

• A)True
• B)False

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Definitions:

Information Exchange

The sharing or transfer of data, information, or knowledge between individuals, organizations, or systems to facilitate communication or decision-making.

Management Information System

A computer system that stores and distributes information on how to successfully manage an organisation. It is usually regarded as a subset of the internal controls of a business.

Information Technology

Utilizing computers, storage solutions, networking components, and various physical resources, infrastructure, and procedures to generate, process, keep secure, and share every form of electronic data.

Daily Basis

A term referring to activities or tasks that occur every day as a part of a regular schedule or routine.