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:

Blood Samples

Specimens of blood collected for analysis or testing for medical purposes.

First Serves

In tennis, the initial serve attempt in a point, which must land in the diagonally opposite service box to be considered valid; if unsuccessful, it's followed by a second serve.

Probability

The mathematical likelihood of an event happening, often expressed as a fraction or percentage.

Independent Events

Two or more events where the occurrence or non-occurrence of one does not affect the occurrence of the other(s).