Multiple Choice
In the long run, the exchange rate between two currencies is
A) constant.
B) undefined.
C) fixed.
D) determined so that the current account balance equals zero.
E) influenced by purchasing power parity.
Correct Answer:
Verified
Related Questions
Q40: In the foreign exchange market, when the
Q41: In 2008, the current account balance was
Q42: The balance of payments accounts record all
Q43: If the exchange rate changes from 1.10
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents