A Market Is a Group of Buyers and Sellers of a Particular

question 127

True/False

A market is a group of buyers and sellers of a particular product.

---

Definitions:

Free Trade

An economic policy of not discriminating against imports from and exports to foreign jurisdictions, allowing goods to move freely across borders.

Floating Exchange Rate

A currency valuation system that allows the value of the currency to fluctuate according to the foreign exchange market.

World War II

A global conflict that took place from 1939 to 1945, involving most of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.

Indirect Quote

A way of expressing the foreign exchange rate as the amount of foreign currency required to buy or sell one unit of the domestic currency.