A Floating Exchange Rate

question 142

Multiple Choice

A floating exchange rate

• A)is determined by the national governments involved
• B)remains extremely stable over long periods of time
• C)is determined by the actions of central banks
• D)is allowed to vary only within a narrow range
• E)adjusts in response to market forces

---

Definitions:

Determinant

An element or factor that decisively affects the nature or outcome of something.

Personality Changes

Alterations in an individual's characteristic patterns of thinking, feeling, and behaving, which can be due to various factors including psychological conditions or life experiences.

Adolescence

The transitional period between childhood and adulthood, characterized by physical, psychological, and social changes.

Early Adulthood

This developmental stage, typically ranging from about 18 to 40 years old, is characterized by the pursuit of independence, career establishment, and often forming long-term relationships.