A Floating Exchange Rate

question 142

Multiple Choice

A floating exchange rate

• A)is determined by the national governments involved
• B)remains extremely stable over long periods of time
• C)is determined by the actions of central banks
• D)is allowed to vary only within a narrow range
• E)adjusts in response to market forces

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Definitions:

Evolutionistic Theoretical Approach

An approach in various disciplines that uses concepts of evolution to explain changes and developments, suggesting that entities progress through a series of gradual changes.

Religious Beliefs

Systems of faith and worship; the conviction in the existence of a higher power or powers.

Fundamentalism

A strict adherence to specific theological doctrines typically in a reaction against modernist theories, often associated with a literal interpretation of religious texts.

Reactionary

A political viewpoint that advocates for the restoration of previous political, social, or economic conditions.