Flexible exchange rates are determined by

Name: Flexible exchange rates are determined by
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Flexible exchange rates are determined by the forces of supply and demand in the foreign exchange market. This means that the value of a currency will move up or down depending on many factors such as economic growth, inflation, and interest rates. Governments and international organizations like the IMF may be able to influence exchange rates, but ultimately they are determined by the market.

Flexible Exchange Rates Are Determined by