Question

Exchange rate determined by demand and supply

of foreign currency
exchange rate pegged to the value of another
nation’s currency
exchange rate determined by both government
intervention and supply and demand
managed
Right

floating:
Right:
fixed:

Answer 1

floating: Exchange rate determined by demand and supply of foreign currency

fixed: exchange rate pegged to the value of another nation’s currency

managed: exchange rate determined by both government intervention and supply and demand