When Exchange Rates Are Not Determined in the Market but Are

question 239

Multiple Choice

When exchange rates are not determined in the market but are instead set by a country's central bank, we say that the country's exchange rate is

• A)flexible.
• B)fixed.
• C)a nominal exchange rate.
• D)a real exchange rate.
• E)non-convertible.

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Definitions:

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Creative People

Individuals who have the ability to produce original ideas, solutions, or products.

High Intelligence

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