The United States and most other major industrialized nations currently operate under a system of floating exchange rates.

Question

Quizplus · Accepted Answer

The United States and most other major industrialized nations no longer operate under a system of fixed exchange rates, which was abandoned in the early 1970s. Instead, they now have floating exchange rates that are determined by market forces such as supply and demand for currencies, economic performance, and interest rates.

The United States and Most Other Major Industrialized Nations Currently