The Current Exchange Rate System Has Which of the Following

question 63

Multiple Choice

The current exchange rate system has which of the following characteristics?

• A)The United States allows the dollar to float against other major currencies.
• B)All developing countries allow their currencies to float against the dollar and other major currencies.
• C)The countries of the European Union have adopted the gold standard.
• D)Several developing countries in Asia have adopted the Bretton Woods system.
• E)The current global foreign exchange system is a fixed system.

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Definitions:

Mercury Rocket

Part of the first series of American manned space missions which aimed to put a human in orbit around the Earth.

Cape Canaveral

A prominent Cape in Florida, known for being a major site of satellite launches and space missions.

Zoos

Facilities where animals are housed within enclosures, displayed to the public, and often bred for conservation purposes.

Sacajawea

A Lemhi Shoshone woman who is best known for her role as an interpreter and guide during the Lewis and Clark Expedition.