Which of the following statements about exchange rates is true? - 4533

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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. 

 

48) ____

Solution Description

Which of the following statements about exchange rates is true?