In a country with a currency that is not freely floating, the timing of an exchange rate change is often a ________ decision.
A)cultural
B)consensus
C)political
D)market

Question

Quizplus · Accepted Answer

In a country with a currency that is not freely floating, the government or central bank typically has control over the exchange rate, making it a political decision. The government may choose to devalue or revalue the currency for political reasons, such as to stimulate exports or to reduce inflation.

In a Country with a Currency That Is Not Freely