The Exchange-rate System that best characteristizes the present international monetary arrangement used by industrialized countries is:
A. Freely Fluctuating Exchange Rates
B. Adjustable Pegged Echange Rates
C. Managed Floating Exchange Rates
D. Pegged or Fixed Exchange Rates
A. Freely Fluctuating Exchange Rates
B. Adjustable Pegged Echange Rates
C. Managed Floating Exchange Rates
D. Pegged or Fixed Exchange Rates