Since 2009 the IMF's exchange rate regime classification system uses a "de facto classification" methodology. Under this system, countries with "fixed exchange rates" are considered to have:

A) a residual agreement.
B) soft pegs.
C) hard pegs.
D) floating arrangements.

Answer: B

Business

You might also like to view...

When the value of a country's imports exceeds the value of its exports, the country has a(n) ________

A) industrial economy B) exchange control C) trade surplus D) trade deficit E) post-industrial economy

Business

According to the text, approximately what percentage of the U.S. workforce feels engaged?

A) 5% B) 30% C) 50% D) 75%

Business