When Exchange Rates Are Not Determined in the Market but Are

question 271

Multiple Choice

When exchange rates are not determined in the market but are instead set by a country's central bank,we say that the country's exchange rate is

• A)flexible.
• B)fixed.
• C)a nominal exchange rate.
• D)a real exchange rate.

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Definitions:

Negligence

The failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.

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Professional services aimed at diagnosing and fixing issues with vehicles, including maintenance, parts replacement, and cosmetic repairs.

Liability

A legal responsibility or obligation, often of a financial nature.

Ratification

The act of giving formal consent to a treaty, contract, or agreement, making it officially valid.