A Fixed Exchange Rate System in Which Most Central Banks

question 142

Multiple Choice

A fixed exchange rate system in which most central banks in the world agree to buy or sell dollars as needed to maintain the foreign price of their currency

• A)has never existed in the real world.
• B)existed before World War I.
• C)existed between World Wars I and II.
• D)existed between World War II and the early 1970s.
• E)has existed since the early 1970s.

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Definitions:

Founding Team

A group of people with complementary skills and a shared sense of commitment coming together in founding an enterprise to build and grow it.

Economic Returns

The financial gain or loss generated as a result of an investment or business activity, taking into account both revenue and costs.

Social Returns

The non-financial gains achieved by society from an investment, project, or initiative, such as improvements in well-being or equality.

Entrepreneurs

People who manage and run enterprises, assuming higher-than-average financial risks in the process.