Under a Purely Flexible Exchange Rate System

question 88

Multiple Choice

Under a purely flexible exchange rate system

• A)supply and demand set the exchange rates.
• B)governments can set the exchange rate by buying or selling reserves.
• C)governments can set exchange rates with fiscal policy.
• D)answers b and c are correct.

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Definitions:

Societal Levels

Refers to the different strata or layers within a society, often categorized by socio-economic or cultural distinctions.

Interactional

Pertaining to the dynamic and reciprocal relationship between individuals or between individuals and their environment, influencing and being influenced by each other.

STIs

Sexually Transmitted Infections, diseases that are passed from one person to another through sexual contact.

Heterosexual Contact

Sexual interaction between individuals of the opposite sex.