Which of the Following Is Correct with Respect to Exchange

question 229

Short Answer

Which of the following is correct with respect to exchange rates?
The value of one country's currency relative to another varies with changes in GDP, but not as a response to market conditions.
The value of the Canadian dollar falls as the foreign demand for Canadian goods rises.
Exchange rates typically fluctuate by very small amounts on a daily basis.
Fluctuation in exchange rates have little impact on the balance of trade.
All of these are correct.

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Definitions:

Overall Trend

The general direction in which something is developing or changing over a period.

Exponentially

Describes a rapid increase in which something grows or changes at a steadily accelerating rate relative to its current value.

Water Purchases

The act of buying water or water rights, often in regions facing scarcity or for agricultural usage.

Government

The organization or system through which a community or nation is controlled and regulated.