Which of the following statements about exchange rates is true? - 915

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 Which of the following statements about exchange rates is true? 

A.Exchange rates were fixed prior to establishing a floating-rate international currency system, and all countries set a specific parity rate for their currency relative either to the Canadian or to the U.S. dollar.

B.Day-to-day fluctuations in exchange rates currently are caused by changes in parity rates.

C.A floating-rate international currency system has been operating since 1973.

D.All of the choices.

 

Solution Description

Which of the following statements about exchange rates is true? 

A.Exchange rates were fixed p