A System in Which the Exchange Rate Is Determined Primarily

question 41

Multiple Choice

A system in which the exchange rate is determined primarily by market forces is called:

• A) a dirty float.
• B) a floating exchange rate.
• C) a fixed exchange rate.
• D) dollarization.

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Definitions:

Maryland

Positioned in the Mid-Atlantic sector of the United States, this state is famous for its crucial historical landmarks and as the location where the national anthem was first conceived.

Harry Washington

An enslaved African who gained freedom by escaping to British lines during the American Revolutionary War and later settled in Sierra Leone.

George Washington

The first president of the United States, serving from 1789 to 1797, and a Founding Father known for his leadership in the American Revolutionary War.