Exchange rates are affected by

Name: Exchange rates are affected by
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Exchange rates are affected by both market forces and central banks. Market forces refer to supply and demand for the currency in the foreign exchange market, while central banks may intervene in the market by changing interest rates or buying/selling their own currency. Commercial bank gold reserves do not typically have a significant impact on exchange rates.

Exchange Rates Are Affected by