A System in Which the Exchange Rate Is Determined Primarily

question 41

Multiple Choice

A system in which the exchange rate is determined primarily by market forces is called:

• A) a dirty float.
• B) a floating exchange rate.
• C) a fixed exchange rate.
• D) dollarization.

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Definitions:

Zulu Language

A Bantu language of South Africa spoken primarily by the Zulu people, one of the country's major linguistic and cultural groups.

Cognitive Development

The process through which individuals gain and improve their ability to think, solve problems, and understand the world around them over time.

Jean Piaget

A Swiss psychologist renowned for his pioneering work in child development, particularly his theory of cognitive development.

Critical Period

A specific time in an organism's development during which the presence or absence of certain experiences has a long-lasting influence on future development.