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:

Petals

The colorful parts of a flower that are often involved in attracting pollinators.

Outermost Whorl

The first, typically outer layer of structures in a flower, usually made up of sepals that protect the developing bud.

Seedling

A young plant, especially one raised from seed and not from a cutting, at an early stage of development.

Germination

The process by which a plant grows from a seed or similar structure, often requiring specific conditions such as water, oxygen, and optimal temperature.