Which of the following statements is true about the changes in the world monetary system since March 1973?
A)The value of the U.S.dollar has never seen a fall ever since.
B)Exchange rates have become much more volatile.
C)Exchange rates have become more predictable.
D)The fixed rate system was adopted to calculate exchange rates.
E)The European Monetary System as an institution has gained more prominence.

Question

Quizplus · Accepted Answer

Since March 1973, the world monetary system has moved away from the fixed exchange rate system, resulting in more volatile exchange rates. The other options are incorrect: A) the value of the U.S. dollar has fluctuated over time, including significant falls, B) exchange rates have become less predictable, not more, C) the fixed rate system was abandoned, not adopted, and E) the European Monetary System has lost prominence since the adoption of the euro.

Which of the Following Statements Is True About the Changes