When the Value of a Currency Is Determined ________, the Exchange

question 149

Multiple Choice

When the value of a currency is determined ________, the exchange rate system is defined as a managed float.

• A)only by supply and demand
• B)by its issuing government
• C)mostly by supply and demand but with occasional government intervention
• D)by its issuing government with occasional readjustments in value
• E)by supply and demand only within a narrow range determined by the currency's issuing government

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