Flexible Exchange Rates Exist When

question 55

Multiple Choice

Flexible exchange rates exist when

• A) no one knows what the true value of a currency is.
• B) governments and central banks spend foreign reserves to prop up an exchange rate at a certain level.
• C) exchange rates are determined by forces of supply and demand.
• D) speculators bet that a currency will soon be depreciated.

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Definitions:

Apical Meristem

A growth region in plants located at the tips of roots and shoots, where cells rapidly divide to enable growth.

Root Cap

A protective tissue at the tip of a plant root that helps the root penetrate the soil.

Pericycle

A cylinder of parenchyma or sclerenchyma cells just inside the endodermis of roots, which can give rise to lateral roots, and in some cases, contribute to secondary growth.

Branch Roots

Secondary or lateral roots that originate from the primary root, increasing the root system's overall surface area for water and nutrient absorption.