An Exchange Rate System in Which Governments Try to Keep

question 74

True/False

An exchange rate system in which governments try to keep currency values from fluctuating against one another is a fixed exchange rate system.

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Definitions:

Derived Demand

The demand for a product or service that arises from the demand for another product or service. For example, the demand for steel is derived from the demand for cars.

Airbus

A European multinational aerospace corporation that designs, manufactures, and sells civil and military aeronautical products worldwide.

Commercial Aircraft

Airplanes designed and built for the purpose of transporting passengers and cargo commercially, operated by airlines.

Derived Demand

The demand for a product or service that arises from the demand for another product or service.