If foreign exchange rates are determined by the interaction of supply and demand forces for the various currencies, then the exchange rate is:
A. fixed.
B. government-determined.
C. set by the value of gold.
D. floating.
Answer: D
You might also like to view...
What must be true in terms of the income effect, the substitution effect, and the type of good for the good's demand curve to be upward sloping?
What will be an ideal response?
Negative returns set in with the _____ worker.
Saving in the economy:
A. Occurs when current spending is less than current incomes B. Is generally not a determinant of future output C. And investment are essentially the same concept D. Occurs when current consumption is more than current output
The time it takes to overcome the practical and procedural hurdles before the Fed can begin to fix the economy is called the
A) recognition lag. B) implementation lag. C) impact lag. D) liquidity lag.