When the Value of a Currency Is Determined ________, the Exchange

question 149

Multiple Choice

When the value of a currency is determined ________, the exchange rate system is defined as a managed float.

• A)only by supply and demand
• B)by its issuing government
• C)mostly by supply and demand but with occasional government intervention
• D)by its issuing government with occasional readjustments in value
• E)by supply and demand only within a narrow range determined by the currency's issuing government

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Definitions:

Dividend Payable

Liability showing amount of cash dividend owed.

Stock Split

Issuing of additional shares of stock to stockholders; total par or stated value remains the same.

Par Value

The face value of a bond or stock, representing the amount to be returned to the bondholder at maturity or the value assigned to a share of stock for accounting purposes.

Stock Split

A corporate action to increase the number of shares, reducing the price per share correspondingly without changing the market capitalization.