Under a Pure Flexible Exchange Rate System,what Does the Rate

question 59

Multiple Choice

Under a pure flexible exchange rate system,what does the rate that equates demand and supply in the exchange rate market imply?

• A)The capital account balance equals zero.
• B)Merchandise exports equals merchandise imports.
• C)The current and capital account balances will be equal in magnitude, but opposite in sign.
• D)The current account balance equals zero.

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