Studies cited in the text indicate that prices in countries with _______ exchange rate systems tend to __________more rapidly than prices in countries with ________ exchange rate systems.
A) fixed; diverge; floating
B) floating; converge; fixed
C) fixed; converge; floating
D) fixed; rise; floating

Question

Quizplus · Accepted Answer

Studies cited in the text indicate that prices in countries with fixed exchange rate systems tend to converge more rapidly than prices in countries with floating exchange rate systems. Therefore, option C is the best choice as it reflects this.

Studies Cited in the Text Indicate That Prices in Countries