Under a System of Flexible Exchange Rates, Rates Are Determined

question 38

Multiple Choice

Under a system of flexible exchange rates, rates are determined by:

• A) the forces of demand and supply.
• B) the central bank in the economy.
• C) an international monetary board.
• D) the federal government.

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Definitions:

Revenue Accounts

Accounts that track the income generated from a company's operations, such as sales revenue, service revenue, and interest income.