Which of the Following Best Describes Why Exchange Rates Are

question 54

Multiple Choice

Which of the following best describes why exchange rates are nearly identical in different markets around the world?  

• A) because of official action by central banks around the world 
• B) because of the actions of arbitrageurs 
• C) because of agreement by the policymakers in the major industrial countries 
• D) because of the actions of currency converters

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