Floating Exchange Rates

question 94

Multiple Choice

Floating exchange rates

• A)float according to the laws of supply and demand.
• B)are fixed by speculators in foreign exchange markets.
• C)are rarely used in foreign exchange transactions.
• D)All of the choices are true characteristics.

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Definitions:

West Indian Immigrants

Individuals who have moved from the Caribbean region, also known as the West Indies, to another country, often bringing with them unique cultural traditions.

Titular Ethnic Group

The ethnic group after which a certain area or country is named, often holding a significant cultural or political status within that region.

Former Soviet Union

The group of countries that were united under the communist government of the Soviet Union, which existed from 1922 to 1991.

Ethnic Group

A community or population made up of people who share a common cultural background or descent, including language, history, society, culture, or nation.