When Exchange Rates Are Flexible,they Are

question 94

Multiple Choice

When exchange rates are flexible,they are

• A)Determined by proclamation of the monetary authorities of a country.
• B)Determined by the relative levels of gold reserves.
• C)Permitted to vary with changes in supply and demand in the foreign exchange market.
• D)Determined by the provisions of the Bretton Woods agreement.

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Definitions:

P(B | A)

The probability of event B occurring given that event A has already occurred, a concept in conditional probability.

P(A ∪ B)

The probability of the occurrence of at least one of two events, A or B, including the case where both events occur simultaneously.

Union Of Events

The set of outcomes that belong to either one or both of two or more events in probability theory.

Sample Points

Sample points are specific values or instances selected from a population or a set, which represent a portion of the population for analysis.