If the Value of a Country's Currency Is Determined Only

question 115

Multiple Choice

If the value of a country's currency is determined only by the demand and supply for that country's currency, the country is said to have a

• A)floating exchange rate.
• B)fixed exchange rate.
• C)gold standard.
• D)managed float.
• E)bretton woods exchange rate.

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Definitions:

Null Hypothesis

A statement in statistical analysis that assumes no effect or no difference between groups or variables.

One-Sample Test

A statistical procedure used to determine whether a sample comes from a population with a specific characteristic.

Hypothesized Value

A specific value or parameter that a researcher expects to find according to a certain hypothesis.

Online Edition

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