According to the Text the Critical Determinant of the FX

question 43

Multiple Choice

According to the text the critical determinant of the FX value of a currency is:

• A) relative inflation rates.
• B) relative income levels.
• C) central bank intervention.
• D) exchange rate expectations.

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Definitions:

High-context

A communication style wherein much of the information is understood from the context rather than stated explicitly in verbal or written form.

Gestures

Movements of the body, particularly the hands or head, used to express ideas or emotions.

Ethnic Subculture

a group within a larger culture that differentiates itself from the larger culture to which it belongs, based on ethnic or cultural identity.

Self-perpetuating

A process or activity that generates the conditions necessary for its continuation or growth without external input.