Which of the following describes a currency basket in monetary transaction?
A. an exchange rate system wherein a currency's value is allowed to fluctuate according to the foreign exchange market
B. a contractual provision that says that the price will be adjusted according to the inflation rate
C. a selected group of currencies whose weighted average is used to define the amount of an obligation
D. a scheme for fixing the exchange rate of a currency by matching its value to the value of another single currency
C
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Liquid assets or funds are important to
A) cover unplanned expenses. B) prevent interrupting your long-term investments. C) prevent overdrafts in checking accounts. D) cover some planned expenses. E) All of the above are correct.
A plaintiff will generally collect for negligence when all the following characteristics are present except:
A) injury is suffered by the plaintiff B) plaintiff breaches a contract with the defendant C) breach of duty owed the plaintiff D) the breach of the duty caused the injury to the plaintiff