The System Under Which Exchange Rates or Par Values Are

question 3

Multiple Choice

The system under which exchange rates or par values are periodically changed to correct balance-of-payments disequilibria is known as a(n) :

• A)currency board arrangements
• B)adjustable peg system
• C)crawling peg system
• D)managed floating exchange rate system

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Definitions:

Malpractice

Failure of a professional to perform their duties to the required standard of care, resulting in harm to their client or patient.

Corporation

A legal entity recognized by law as separate from its owners, with rights to own property, sue or be sued, and conduct business.

General Corporation

A type of business organization that is legally separate from its owners, with the ability to own property, incur liabilities, and conduct business in its own name.

Advantages

Benefits or favorable factors that contribute to the success and competitiveness of a business, product, or individual.