If the Value of a Country's Currency Is Determined Only

question 115

Multiple Choice

If the value of a country's currency is determined only by the demand and supply for that country's currency, the country is said to have a

• A)floating exchange rate.
• B)fixed exchange rate.
• C)gold standard.
• D)managed float.
• E)bretton woods exchange rate.

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Definitions:

Correlate

To establish a mutual relationship or connection between two or more things.

Numeric Ages

The dating of geological or archaeological materials based on absolute dating methods, providing specific numbers of years.

Fossils

Preserved remains, impressions, or traces of once-living organisms from the distant past.

Cyanobacteria

Photosynthetic microorganisms found in water, sometimes referred to as "blue-green algae," important for their role in nitrogen fixation and oxygen production.