When the Value of a Currency Is Determined ________, the Exchange

question 74

Multiple Choice

When the value of a currency is determined ________, the exchange rate system is defined as 'managed float'.

• A)only by supply and demand
• B)by the country's government
• C)mostly by supply and demand, but with occasional government intervention
• D)by the country's government, with occasional readjustments in value

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Definitions:

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the physical factors of production like buildings and machinery.

Turkmenistan

A country located in Central Asia, bordered by the Caspian Sea and largely covered by the Karakum Desert.

Prospective Memory

The element of memory that facilitates the remembering of actions or intentions scheduled for a forthcoming time.

Perform Actions

Executing or carrying out tasks or operations through physical or mental efforts.