With regard to the current exchange rate arrangement between Italy and Germany,it is best characterized as
A)independent floating (market determined).
B)managed float.
C)an exchange arrangement with no separate legal tender.
D)pegged exchange rate within a horizontal band.

Question

Quizplus · Accepted Answer

Italy and Germany both use the euro as their currency, which means they do not have separate legal tenders. They are part of the Eurozone, where the euro is the common currency.

With Regard to the Current Exchange Rate Arrangement Between Italy