16. The current system used by most industrialized nations is where exchange rates fluctuate due to changes in demand. A. a floating rate system B. a fixed rate system C. the gold standard D. regulated 17. A currency is "convertible when A. the issuing country promises to redeem the currency at current market rates. B. the currency is freely traded in world currency markets. C. it is pegged" to gold. D. A and B. E A and B and C. 18. Which of the following might be attributed to efficient inventory management? A. A high inventory turnover ratio. B. A low incidence of production schedule disruptions. C. High total assets turnover, D. A, B, and C. 19. Each of the following is a reason why a company may move into international operations EXC A. to minimize exchange rate risk B. to take advantage of lower production costs in regions of inexpensive labor. C. to develop new markets for the firm's finished products D. because important raw materials are located abroad. 20. Assume you read the following currency quotation in The Wall Street Journal: $.9812 U.S. dollars per Swiss franc. This is an example of a(n) terms of U.S. dollars. quotation in A indirect