Which of the following statements is true about the changes in the wor

QUESTION

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.

ANSWER

B