A ________ Exchange Rate Means That the Rate Changes Constantly

question 66

Multiple Choice

A ________ exchange rate means that the rate changes constantly depending on the quantity supplied and demanded for the currency.

• A)fixed
• B)floating
• C)banded
• D)pegged
• E)spot

---

Definitions:

Rational

Pertaining to actions, decisions, or beliefs that are based on reason or logical analysis rather than emotions or irrational factors.

Collective Nature

The inherent characteristics or behaviors that emerge from the interactions and relationships within groups or societies.

Macro Level

Macro level refers to a wide-scale approach to understanding societal structures and processes, looking at societal phenomena as a whole rather than focusing on individuals.

Delinquency

Noncompliant behavior, typically of a minor, that is considered wrong according to legal or moral guidelines, often including acts like vandalism, theft, or truancy.