Most countries operate under a(n)________ exchange rate system.

Question

Quizplus · Accepted Answer

Most countries operate under a freely floating exchange rate system, meaning that the value of their currency is determined by market forces such as supply and demand. Fixed exchange rate systems have become less common, and stable or inflexible systems are not recognized terms in the context of exchange rates. Immeasurable is also not an appropriate term, as exchange rates can be measured and tracked in real-time.

Most Countries Operate Under A(n)________ Exchange Rate System