Which of the Following Statement Is Correct

question 33

Multiple Choice

Which of the following statement is correct?

• A) Since 1974, the major industrial countries have operated under a system of fixed exchange rates based on the gold standard.
• B) Many developing nations with low inflation rates have pegged their currencies to the U.S. dollar as a way of allowing modest increases in domestic inflation rates.
• C) Large industrial nations with diversified economies and small trade sectors have generally pegged their currencies to one of the world's key currencies.
• D) Today, fixed exchange rates are used primarily by small, developing countries that tie their currencies to a key currency such as the U.S. dollar.

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Definitions:

Transformational Behavior

Actions that inspire and motivate followers to exceed expectations by fostering significant changes.

Contingent Reward

A form of motivation in which the reward is given based on achieving a predefined outcome or performance level.

Bass

Refers to Bernard M. Bass, a prominent researcher in the field of leadership, known for his work on transformational leadership.

Charisma

is a compelling attractiveness or charm that can inspire devotion in others.