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Oduvanchick [21]
3 years ago
6

Currently, the foreign exchange rate for all world currencies is A) a fixed exchange rate, based on the U.S. Dollar. B) a floati

ng exchange rate, based on the U.S. Dollar. C) a fixed exchange rate, based on market forces of supply and demand. D) a floating exchange rate, based on market forces of supply and demand.
Social Studies
2 answers:
svlad2 [7]3 years ago
8 0

D) a floating exchange rate, based on market forces of supply and demand.

Just took the test!!!

tangare [24]3 years ago
4 0

The correct answer is D.

The Bretton Woods system, which tried to resemble the Gold Standard was suspended by President Nixon in 1971. After the failure of such worlwide systems that aimed to fix the values of currencies to one another, a new international monetary order has been established.

Currently, the values of currencies are allowed to fluctuate freely attending to the foreign-exchange market mechanisms to its demand and supply forces. Hence, for example, a currency depreciates if the amount supplied is larger than the amount demanded by foreign investors.

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8 0
2 years ago
Choose the responsibilities the executive branch
MA_775_DIABLO [31]
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4 0
3 years ago
What key value does Accenture’s myConcerto bring to clients looking for automated solutions?
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The key value that Accenture's MyConcerto brings to clients is an out-of-the-box platform solution to create positive business results.

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8 0
2 years ago
How are the colonies at Jamestown and Plymouth similar? They were founded by the same explorer. Settlers came to escape religiou
elixir [45]
The settlers came to escape religious persecution.
8 0
4 years ago
Read 2 more answers
Neither Subpart C (Prisoners) nor Subpart D (Children) applies to juveniles in the correctional systems because wardens of juven
allochka39001 [22]

Answer:The correct answer is D

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5 0
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