A Flexible Exchange Rate System Is One in Which Countries

question 55

Multiple Choice

A flexible exchange rate system is one in which countries:

• A) allow their currencies to adjust continuously according to the demand and supply.
• B) do not allow their currencies to adjust continuously according to the demand and supply.
• C) allow their currencies to adjust according to the foreign policy.
• D) allow their currencies to adjust by fixing an exchange rate regular.

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