Freely Floating Exchange Rates Are Determined by

question 168

Multiple Choice

Freely floating exchange rates are determined by

• A)the forces of supply and demand for currencies.
• B)the government with a trade surplus.
• C)the government with a trade deficit.
• D)the IMF.
• E)the Bretton Woods Agreement.

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Definitions:

Total Assets

The entirety of what a company or individual owns, including money, securities, equipment, and real estate.

Sherman Act

A landmark federal statute in the antitrust law that prohibits monopolistic practices and promotes competition.

Robinson-Patman Act

A United States federal law aimed at preventing anticompetitive practices by producers, specifically price discrimination.

Clayton Act

A United States antitrust law enacted in 1914 aimed at increasing economic competition by prohibiting certain types of anti-competitive practices.