A Fixed Exchange Rate Is an Exchange Rate Whose Value

question 20

Multiple Choice

A fixed exchange rate is an exchange rate whose value:

• A) is established annually by the International Monetary Fund.
• B) varies according to the supply and demand for the currency in the foreign exchange market.
• C) is set by official government policy.
• D) reflects the comparative advantage of the home country versus other foreign countries.

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Definitions:

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