The exchange rate system that best characterizes the present international monetary arrangement used by industrialized countries is ?
A. freely fluctuating exchange rates
B. adjustable pegged exchange rates
C. managed floating exchange rates
D. pegged or fixed exchange rates
A. pegged exchange rates
B. freely floating exchange rates
C. managed floating exchange rates
D. crawling exchange rates
A. very high rates of inflation occur domestically
B. foreigners discriminate against domestic products
C. technological advance is superior abroad
D. the domestic currency is undervalued relative to other currencies
A. appreciates against foreign currencies
B. depreciates against foreign currencies
C. be officially revalued by the government
D. be officially devalued by the government
A. dual exchange rates
B. managed floating exchange rates
C. adjustable pegged exchange rates
D. crawling pegged exchange rates
A. pegged of fixed exchange rates
B. adjustable pegged exchange rates
C. managed floating exchange rates
D. free floating exchange rates