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(Blank) exchange rates are determined by (blank) forces and fluctuate against each other day to day. Dirty; government Fixed; internal Fixed; market Floating; market
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(Blank) exchange rates are determined by (blank)

forces and fluctuate against each other day
to day.

Dirty; government
Fixed; internal
Fixed; market
Floating; market

User Clouddy
by
3.2k points

1 Answer

8 votes

Answer:

Floating; market

Step-by-step explanation:

A floating exchange rate system refers to the method of allowing the market forces to determine the exchange rate of a country. The government does influence the exchange rate. The market forces of demand and supply determine the exchange rate.

The foreign exchange market or Forex is the market for currencies. Demand and supply forces at the Forex fix the exchange rate of a floating currency.

User Donato Amasa
by
3.5k points
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