Which of the following is true of international currencies?

Which of the following is true of international currencies?



A. Exchange rate volatility for international currencies is relatively low.

B. There is a benchmark currency in the world against which all other currencies are pegged.

C. All major currencies are free floating relative to one another.

D. All currencies are fully backed by gold reserves.

E. The World Bank mandates a fixed exchange rate regime.


Answer: All major currencies are free floating relative to one another.


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