Global financial markets operate under a system of ___________, where the supply and demand for various currencies dictate their value at any moment in time.
A) living rates
B) foreign good rates
C) floating exchange rates
D) live trading rates

Question

Quizplus · Accepted Answer

Floating exchange rates refer to the system where the value of currency is determined by the market forces of supply and demand, rather than being fixed to a specific value. This allows for flexibility in response to economic and political changes, and allows for currency values to fluctuate in response to changing market conditions.

Global Financial Markets Operate Under a System of ___________, Where