A system in which currencies float against one another, with governments intervening to stabilize their currencies at particular target exchange rates is called a ________
A) managed float system
B) linked exchange rate system
C) free float system
D) fixed exchange-rate system
A
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When an activity benefits an individual but not the employer, what ethical dilemma has been created?
A) A lack of social responsibility, B) Violation of the code of conduct, C) conflict of morals, D) Interaction with primary agents of interests, E) Conflict of interest
A broker brought an offer to an owner. While the broker did not have a listing, the offer provided for a commission. The owner crossed out the provision for a commission above the signature block and signed the acceptance. Which is TRUE regarding the broker's rights?
A. By signing the acceptance, the owner made the broker his agent. B. The broker is entitled to a reasonable commission. C. The broker is entitled to a full commission if the sale is completed. D. There was no listing, so no commission need be paid.