The IMFs mission changed in the 1970s with the collapse of the "fixed-rate" system that tied currency to gold.Currently,exchange rates are determined by

Question

Quizplus · Accepted Answer

Exchange rates are currently determined by the supply and demand for currencies in the global market. While international agreements and declarations by organizations like the IMF can influence exchange rates, they do not have ultimate control over them. Multinational corporations may also play a role in the foreign exchange market, but they are not the primary determinants of exchange rates.

The IMFs Mission Changed in the 1970s with the Collapse