The Current Exchange Rate System Has Which of the Following

Multiple Choice

The current exchange rate system has which of the following characteristics?

A) The United States allows the dollar to float against other major currencies.
B) All developing countries allow their currencies to float against the dollar and other major currencies.
C) The countries of the European Union have adopted the gold standard.
D) Several developing countries in Asia have adopted the Bretton Woods system.
E) The current global foreign exchange system is a fixed system.