Floating Exchange Rates Are Rates That Are

question 118

Multiple Choice

Floating exchange rates are rates that are

• A) regularly updated by the central bank.
• B) permitted to drift incrementally,under government supervision.
• C) extremely volatile due to unpredictable monetary policy.
• D) permitted to rise but never fall.
• E) determined by the supply and demand for the currency.

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A family member refers to someone who is part of one's immediate or extended family, including parents, siblings, spouses, and relatives by blood or marriage.