The Exchange Rate System Currently Used by the Industrially Advanced

question 179

Multiple Choice

The exchange rate system currently used by the industrially advanced nations is

• A)the gold standard.
• B)the Bretton Woods system.
• C)the managed float.
• D)a fixed rate system.

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Definitions:

World Bank

An international financial institution that provides loans and grants to the governments of low and middle-income countries for the purpose of pursuing capital projects.

Foreign Aid Policies

Government strategies and actions aimed at providing economic, technical, or military assistance to other countries.

Debt Repayment

The act of paying back borrowed money, usually including both the principal amount and any accrued interest.

Standards of Living

A level of material comfort as measured by the goods, services, and luxuries available to an individual, group, or nation.