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Foreign Exchange Rate · Question 21 of 50

Question 21

EasyOriginal question

Under a flexible (floating) exchange rate system, the exchange rate is set by

Options for question 21

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. The rate moves freely to the level where the quantity demanded equals the quantity supplied.

Concept
Flexible exchange rate
Typical time
40 s
Your time
—
The rule this testsThe flexible rate: depreciation and appreciation
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Ten questions from Foreign Exchange Rate, at your own pace.

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