When a Currency Is Allowed to Increase or Decrease in Value

question 8

Multiple Choice

When a currency is allowed to increase or decrease in value relative to other currencies,the currency is said to:

• A)be pegged to another currency.
• B)be less valuable.
• C)float.
• D)devalue.

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Definitions:

Commuting Distance

The distance that an individual travels from their home to their place of work or study.

Parameter

A numerical characteristic or measure that describes and summarizes a whole population.

Statistic

is a single measure, calculated from sample data, used to infer or describe properties of a population.

Significance Level

A threshold for determining whether a statistical result is considered statistically significant, usually denoted by alpha (α).