Solved

In a Freely Floating Exchange Rate System

Question 33

Multiple Choice

In a freely floating exchange rate system


A) exchange rates are determined by the supply of foreign exchange only
B) exchange rates are determined by the demand for foreign exchange only
C) exchange rates are more volatile compared to a fixed exchange rate system
D) exchange rates are more stable than a fixed exchange rate system
E) exchange rates are determined by each government based on their needs

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents