_____ refers to a situation when a currency's value increases or decreases based on demand and supply.
A)Float
B)Trade deficit
C)Exchange rate
D)Reserve currency
E)Bank reserve

Question

Quizplus · Accepted Answer

Float refers to a situation where a currency's value is determined by the market forces of demand and supply, without direct government or central bank intervention.

_____ Refers to a Situation When a Currency's Value Increases