Which of the Following Is Not One of the Four

question 235

Multiple Choice

Which of the following is not one of the four main determinants of exchange rates in the long run?

• A)relative price levels across countries
• B)relative rates of productivity growth across countries
• C)preferences for domestic and foreign goods across countries
• D)speculating in currency markets

---

Definitions:

Scope of Employment

The range of activities and duties an employee is expected to perform as part of their job, as defined by their contract or role description.

Respondeat Superior

A legal doctrine that holds employers or principals liable for the actions of their employees or agents conducted within the scope of their employment or agency.

Indemnification

A provision where one party agrees to compensate another for any loss or damage incurred, often seen in contracts.

Substantial Departure

A significant deviation or movement away from a previously set course or standard, often used in legal or regulatory contexts.