When the Value of a Currency Is Determined ________,The Exchange

question 73

Multiple Choice

When the value of a currency is determined ________,the exchange rate system is defined as a floating exchange rate system.

• A)only by supply and demand
• B)by its issuing government
• C)mostly by supply and demand,but with occasional government intervention
• D)by its issuing government,with occasional readjustments in value

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Definitions:

Congress

The national legislative body of a country, typically consisting of two houses: the Senate and the House of Representatives in the United States.

Pocket Veto

A legislative maneuver by which a president or governor may indirectly veto a bill by taking no action on it, and if Congress adjourns during the time allowed for the bill's signing, the bill dies.

Legislative Session

An official period of time designated by a legislative body to conduct its business, including the passing of laws and other legislative activities.

Presidential Veto

is the power of the President to reject a bill passed by Congress, preventing it from becoming law unless Congress votes to override the veto.