________ exchange rates are exchange rates that are determined by the market forces of supply and demand for currency.

Question

Quizplus · Accepted Answer

Floating exchange rates are determined by the supply and demand in the foreign exchange market, and are not controlled by any government or other authority. The value of a floating currency fluctuates according to market conditions, and can rise or fall in response to changes in the economy or other factors.

________ Exchange Rates Are Exchange Rates That Are Determined by the Market