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.

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Definitions:

Public Ownership

Ownership of assets or organizations by the government or other public bodies rather than private individuals or companies.

Agriculture

The science, art, and practice of cultivating plants and livestock.

Imports

Foreign goods and services purchased by domestic customers.

Domestic Consumers

Individuals or households within a country that purchase goods and services for personal use as opposed to international or business consumers.