How are floating exchange rates set?

a. By comparing each currency to the value of gold reserves held by the United States
b. By basing the value of money on what the IMF determines is representative of trade balances
c. By determining the value of each currency compared with the values of other currencies on foreign-exchange markets
d. By the 150 members of the World Trade Organization


c. By determining the value of each currency compared with the values of other currencies on foreign-exchange markets

Political Science

You might also like to view...

Bureaucratization refers to efficiency measures of governmental productivity

Indicate whether this statement is true or false.

Political Science

Recognizing that many citizens are not aware of their constitutional rights when being interrogated by law enforcement officers, the Supreme Court's decision in Miranda v. Arizona requires the Miranda Warning, which is chiefly intended to

a. prohibit introduction into evidence of unsolicited confessions. b. require that police interrogate multiple suspects. c. protect subjects of interrogations from making illegally-obtained confessions. d. guarantee that if an improper confession is admitted at trial, any resulting conviction will be reversed on appeal. e. allow police to trick suspects into making confessions that the police would otherwise have difficulty obtaining.

Political Science

A contemporary conservative

  a. values traditional morality and social order but believes government should stay out of markets.  b. supports social hierarchies and government intervention into markets.  c. wants as little government as possible, as well as withdrawal from global conflicts.  d. wants government control of the church, the economy, and civil society.  

Political Science

______ describes the interdependent relationship that exists between states such that variation in one state’s behavior significantly affects the other.

Fill in the blank(s) with the appropriate word(s).

Political Science