The exchange rate system in which a country allows the value of the currency to be determined by the market forces of supply and demand is known as a

A) currency board.
B) floating exchange rate.
C) target zone.
D) pegged exchange rate system.


Answer: B

Business

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Indicate whether the statement is true or false

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A. environmental factors do not affect customer demand. B. entrepreneurs confront demand certainty. C. it is easier to respond effectively to sudden changes. D. environmental changes are highly likely.

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Indicate whether this statement is true or false.

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