A Floating Exchange Rate Means That

A floating exchange rate means that

A) market forces rather than government intervention determines currency values.
B) the IMF will allow weak currencies to sink as a way of preserving the value of strong currencies.
C) all currencies will be converted to their respective values of sterling silver prior to international purchases.
D) the value of a country's currency is lower overseas than at home.
E) transnational banks will be discouraged from relying on only one currency in international business.