A Flexible or Floating Exchange Rate System Is One in Which

question 49

Multiple Choice

A flexible or floating exchange rate system is one in which the:

• A) government closely monitors and controls the value due to trade flows.
• B) government makes no attempt to fix it against any base currency.
• C) government actively tries to achieve fluctuations in the rate.
• D) government fixes the rate against the currency of its largest trading partner.

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Definitions:

Instance Variables

Variables defined in a class for which each instantiated object of the class has a separate copy, or instance.

Code Reuse

The practice in software development of using existing code for a new function or a different purpose to increase productivity and improve quality.

Super Class

In object-oriented programming, the class from which a subclass inherits properties and methods.

Base Class

A base class, also known as a superclass, is a class that is being inherited from by another class (subclass).