A System in Which Exchange Rates Are Set by Government

question 171

Multiple Choice

A system in which exchange rates are set by government policy is a ____ system.

• A)universal exchange
• B)floating exchange rate
• C)commodity standard
• D)fixed exchange rate

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Definitions:

Injunction

A court order that either prohibits a party from doing a specific act (restraining order) or orders a party to carry out a specific act (mandatory order), typically to prevent harm or to preserve the status quo during litigation.

Civil Lawsuit

A legal action taken by one party against another for the purpose of resolving a dispute or claiming damages.

Deceptive Advertising

The practice of advertising with claims that mislead or could mislead a reasonable consumer.

Industry Guides

Publications or documents issued by regulatory bodies that provide compliance guidelines for specific industries.