A nation allowed its currency to be valued based on supply and demand. This is known as a _______ exchange rate. A. floating B. market C. fixed D. free

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asked Oct 9, 2018 185k views

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Vivek S Vamja · Answer 1 · 2018-10-14T12:17:37+0000

This is known as a FLOATING exchange rate.
A floating exchange rate refers to a regime where the currency price is determined by the market based on the demand and supply in comparison with other currencies.

A nation allowed its currency to be valued based on supply and demand. This is known as a _______ exchange rate. A. floating B. market C. fixed D. free

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