QUESTION IMAGE
Question
question 6 (5 points)
since the 1970s, how have most nations allowed their currency to be valued?
by their respective governments
through international agreements
through supply and demand
by establishing a universal currency
question 7 (5 points)
which of the following countries would be considered a developing nation?
australia
afghanistan
denmark
germany
question 8 (5 points)
which of the following is a common trait among most developing countries?
For Question 6, since the 1970s, most countries have adopted a floating - exchange - rate system where currency values are determined by supply and demand in the foreign - exchange market. For Question 7, Afghanistan is a developing nation as it has lower levels of economic development, infrastructure, and human development indicators compared to Australia, Denmark, and Germany which are developed countries.
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Question 6: C. Through supply and demand
Question 7: B. Afghanistan