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:

Landrum-Griffin Act

U.S. legislation aimed at regulating labor unions' internal affairs and their officials, to ensure democracy, fiscal responsibility, and fair dealing within unions.

Union Officer

An individual elected or appointed to a position of authority within a labor union, responsible for representing and managing the interests of its members.

NLRB

The National Labor Relations Board, a federal agency overseeing the enforcement of U.S. labor laws regarding collective bargaining and unfair labor practices.

Taft-Hartley Act

A federal law enacted in 1947 that prohibits certain union practices and requires disclosures by unions, intending to protect the rights of union members and management.