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Which of the Following Best Describes Exchanges Rates That Are

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Which of the following best describes exchanges rates that are determined by the demand and supply foreign exchange in the absence of official intervention?


Definitions:

Congress

The United States' national legislature, made up of two chambers: the Senate and the House of Representatives.

Displace

To move or shift something from its usual or proper place, often resulting in a change of position or role.

State Legislation

Laws and regulations enacted by the legislative bodies of individual states within a federal system.

Federal Legislation

Laws passed by the national legislature of the United States, the Congress, which apply throughout the country.

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