The Exchange Rate Between Any Two Currencies Is Kept the Same

question 28

Multiple Choice

The exchange rate between any two currencies is kept the same in different monetary centers by ____________.

• A)the effective exchange rate
• B)speculation
• C)arbitrage
• D)hedging

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Definitions:

Obedience

The act of following orders or complying with instructions, often from a figure of authority, reflecting the degree of control or influence exerted over individuals or groups.

Amplification

The process of increasing the magnitude or intensity of something, often used in the context of sound, signals, or even ideas.

Condoning

Condoning refers to the act of overlooking, forgiving, or disregarding an offense without criticism or punishment.

Verbalize

To express thoughts, feelings, or information in spoken words or articulate speech.