Examlex
Which of the following is the most likely to be a fixed factor of production at a farm?
Foreign-exchange Reserves
Assets held on reserve by a central bank in foreign currencies, used to back liabilities and influence monetary policy.
Flexible Exchange-rate System
An exchange rate regime in which a currency's value is allowed to fluctuate according to the foreign exchange market.
European Euro
The official currency used in 19 of the 27 European Union countries, known as the Eurozone.
Rate of Exchange
The price of one country's currency expressed in terms of another country's currency, facilitating international trade and investment.
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