The Figure Given Below Depicts the Foreign Exchange Market for British

question 122

Multiple Choice

The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2

-Fixed exchange rates require the economic policies of countries linked by the exchange rate to be:

• A)completely independent.
• B)complementary to each other.
• C)determined by the World Bank.
• D)similar in nature.
• E)determined by the International Monetary Fund.

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