The exchange rate between Canadian dollar and the U.S.dollar is a(n)________.
A) fixed rate
B) floating rate
C) flexible rate
D) eclectic rate

Question

Quizplus · Accepted Answer

The exchange rate between Canadian dollar and the U.S. dollar is a floating rate because it is determined by the market demand and supply of the currencies. It is not fixed by any government or agreement. However, it can fluctuate depending upon various economic and political factors such as inflation rates, trade policies, political stability, etc.

The Exchange Rate Between Canadian Dollar and the U