A Fixed Exchange Rate Means That Supply and Demand of the Currency

question 316

True/False

A fixed exchange rate means that supply and demand of the currency determine its exchange rate.

---

Definitions:

Wittig Reaction

A chemical reaction used to convert aldehydes or ketones into alkenes through the use of a phosphonium ylide.

3-Ethylpent-2-Ene

An organic compound with the formula \(C_7H_{14}\), characterized by an ethyl group and an alkene with a double bond in the 2-position on a pentane backbone.

Schiff Base

Chemical compounds that typically form by the condensation reaction between an amine and an aldehyde or ketone, characterized by a carbon-nitrogen double bond.

Imine

A chemical compound characterized by a nitrogen atom double-bonded to a carbon atom, which is also bonded to a hydrogen atom and a side chain.